property is in my mother name and home loan is in my name and my mother name. To avail tax exemption I need to take a gift deed from my mother. Is it possible to take gift deed by informing the bank and without closing the existing home loan.
02 December 2019
Yes Sir. Bank has already provided loan, I am unable to claim tax exemption since I'm not a co owner of property but I am co borrower of home loan. Can bank help me to become co owner of the property without closing the existing loan.