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HRA clarification, Income Tax |
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HRA clarification |
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I am co coapplicant for a housing loan with my mother, but the property is on her name. Can I claim HRA for the property as rented out to me. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
If mother is real owner and she has let out property to you, you pay reasonable rent , you can claim rent suitably under different situations. Becoming co-applicant / guarantor for loan and even paying EMI (fully or partly) is for family convenience and for obtaining loan for a house for family (including your mother and yourself). However, check to ensure that there is no violation of loan agreement, in case of need amendment can be made with a view to enable payment of EMI regularly. Page: 1 Old Query - New Comments are closed. |
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