Property in name of wife and mother, Income Tax

[Rajiv Gupta]

Hi,

I want to purchase new property and planning to register the same in name of my mother and wife both so that I can claim the benefit of HRA. Can it be done ? Can I claim full benefit for paying rent to parents+wife or there may be issue ?

I will be taking loan for this property. Who should be co-applicants as per above details for tax saving.

regards,

Rajiv Gupta.

Posts / Replies

[Ganeshan Kalyani]

Co applicant should have income then only they can be added as coapplicant for applying for home loans.

[Rajiv Gupta]

Hi,

Please suggest if I can register the property in name of my wife and mother both and loan on my name. I want to register the property in their name in order to avail HRA benefit,

Thanks