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Tax rebate for purchasing house

Tax queries 204 views 1 replies

Our  family three members gifted amount to  my mother and my mother  purchased  a  house in ready cash mode . is it possible to  claim tax rebate for my family .kindly how much rebate we can claim ( each person) .  2) as my mother invested amount in flat is it possible to  claim tax rebate   gifted amount 10 L per head  total 30lakhs to my mother purchased a flat  for the same amount  in my mother  my mother name ( 30lakhs)   

we  all  IT assesse  from 2009-10 
 

 

Replies (1)

1. No rebate or exemption for house purchase.

2. No tax liable for gift to mother. No tax rebate to mother/family/sons.


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