POSTED BY April 20, 2013 1:43 pm ONE COMMENTON
My Grandfather has a ready flat in Delhi which I am intending to purchase from him ( due to his intention of distributing the proceeds among all his children equally). I will pay him the money by taking loan from my parents which I intend to document and then pay them interest. I know that under sec 24 I can claim interest benefit on home loan from relatives. My parents have no income as of now and I fall in 30% slab. Can you let me know what all documents do I need to give my employer so that I dont end up claiming TDS deducted from my salary. Can anyone advise me on the same.