You can claim income tax benefit on interest for home loan taken from my father1 min read . Updated: 18 Sep 2021, 09:56 AM IST
- Home loan: There is no such restriction as regards to payment of interest on borrowed capital
Question: I am planning to buy a house for which my father is ready to give loan. I will repay him on EMI basis (Principal + Interest). Can I claim deductions for this home loan? What documents I need to submit to Income Tax Department to claim deduction of Interest and Principal?
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