Tax exception for a home loan

POSTED BY Vijay Shanmugam ON June 11, 2013 1:38 pm ONE COMMENT

Hi,

I am bit worried about tax exception claiming. Could you please help in sorting this out?

 

My query is that my Mother is a single parent and we are 3 sons. Now Planned to own a home registering on my Mother’s name. The loan would be shared between we three. Can we three claim that loan for tax exception ? If not whats the other possible solution?

 

One reply on this article “Tax exception for a home loan”

  1. Dear Vijay, co-ownership in the house in question for al 3 brothers is pre condition to claim any tax benefit on home loan.

    thanks

    Ashal

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