Tax rebate on home loan
SAURABH GUPTA
(Querist) 22 November 2019
This query is : Resolved
I wish to take tax rebate on interest of home loan being primary borrower which I had taken for construction of house . But the land is in the name of my mother who is also co-borrower in the home loan.
Dr J C Vashista
(Expert) 22 November 2019
It is advisable to consult a local chartered accountant or prudent lawyer for proper appreciation of facts/documents, guidance and proceeding.
Sb Karma
(Expert) 22 November 2019
yes you can,but you need to consult your CA and bank for further documentation ,approvals
SAURABH GUPTA
(Querist) 22 November 2019
Ok , can I claim it during filing ITR
Naishadh Vyas
(Expert) 22 November 2019
Yes you can claim the same under ITR return.
P. Venu
(Expert) 25 November 2019
You can, based on the statement from the lender Bank.
