Loan from mother for house construction - tax benefits

N Krishna (Querist) 18 August 2017 This query is : Resolved
I want to take loan from my mother for house construction and pay interest to my mother's bank account. Can i claim tax benefit for the interest paid to my mother ?
What documentation is required to be maintained in this case ?

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ABHIMANYU JHAMBA (Expert) 18 August 2017
Yes you can claim a deduction.

Abhimanyu Jhamba
Advocate/CA
9218999999

Rajendra K Goyal (Expert) 19 August 2017
Interest repayment for home loan taken from friends, relatives or any money lender can be claimed as a deduction under section 24.

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