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Q.Tax rebate on home loans
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Q. Tax rebate on home loans

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Anonymous

posted 4 days ago

Dear sir,
I am govt employee and I want to purchase a home on home loans on my mom's name(registration on mom's name).There is no any property on my mom name.I want to pay EMI from my bank account deduction. May I get Income-Tax rebate?
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A. No rebate on the same.

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Shreyash Mohta

Experience: 1 Year(s)

Responded 1 day ago

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A. Dear Sir,
It is better to consult an Auditor or Chartered Accountant.

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A. No, you won't get any tax deduction

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Suneel Moudgil

Experience: 15 Year(s)

Responded 3 days ago

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A. Better for you to purchase it on joint names u and Ur mother then will be possible

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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 4 days ago

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