Regarding Home Loan

[Amit Khichi]

I purchase a Home with my Mother's Name and Section Home Loan from Hdfc limited with Me and My Mother as co Borrower. I am a Government Servent. Can I get Home Loan Tax Deduction

 

[aladeen]

If you are the owner or co-owner, you should be able to claim upto 2 Lakhs Interest Deduction under 24B and upto 1.5 Lakhs Principal & Stamp Duty under 80C.

 

[Swapnil Bhagat]

Yes. You get benefits for interest deduction

 

[vanshchauhan]

I purchase a Home with my Mother's Name and Section Home Loan from Hdfc limited with Me and My Mother as co Borrower. I am a Government Servent. Can I get Home Loan Tax Deduction

You are eligible for tax benefits on your home loan. But if you plan to stay in a Govt accommodation, and plan to rent out the other house for which the loan has been taken, then you are liable to pay the tax on the income which you earned as a rent of the house.

 

[Kalyan]

I purchase a Home with my Mother's Name and Section Home Loan from Hdfc limited with Me and My Mother as co Borrower. I am a Government Servent. Can I get Home Loan Tax Deduction

Ofcourse you will get