I took a personal loan for home renovation purpose. The house is on the name of my dad as he don't have any income I took personal loan.
can I claim any tax benefit for the EMI's that I am paying for this???
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tax exemption on personal loan
Replies (14)
Not possible......
Is that a let out property and do you pay tax on such income under IFHP?
I am staying in the same house which I mentioned above
If it is self occupied property you can't claim.
if it is let out property and it is on my father's name??
Sorry sir, I was wrong. Even if it is self occupied property, owner of the property can claim deduction for interest for renovation.
But I'm not sure whether you can claim, since you are not the owner.
if I become co owner will it be possible to claim it ???
any answer on the above question???
any answer on the above question???
any answer on the above question???
any answer on the above question???
any answer on the above question???
any answer on the above question???
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