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Krishna   18 November 2019

Title -prooerty -housing loan

If ason avails construction loan as coborrower with his father abx constructs house furst floor on his father's property can he claim tax benefits is title deed in his name required or does his father become owner can his father gift the property


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 2 Replies

Sb Karma   19 November 2019

Originally posted by : Krishna
If ason avails construction loan as coborrower with his father abx constructs house furst floor on his father's property can he claim tax benefits is title deed in his name required or does his father become owner can his father gift the property

 

Yes he can claim tax benefits but title needs his name too.

Prasad   20 November 2019

You can claim tax benefits as long as the payment is made from your account. Bank will consider your father as coborrower

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