Shouldn't I get Income Tax rebate on interest on home loan of my daughter which I partly funded by bank loan?
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My daughter (not married) purchased a residential flat in November, 2012 out of bank home loan. I funded the difference between cost of flat and bank loan sanctioned, with a bank loan ...show more
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Answer:
No tax benefits for funding / giving loans / gifts. Since the property is not in your name, you cannot claim any benefits at all. Your daughter can claim the tax benefits and not you.
PIF6QEXCWHVNWE62YMMZIA2YVI at Yahoo! Answers Visit the source
Other answers
You get deduction of the interest paid on educational loan emi repaid by you section 80e.
Pradeep
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