home loan tax

Will my parents be taxed on the interest charged if they lend me money for a home loan?

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Will my parents be taxed on the interest charged if they lend me money for a home loan?

If my parents have lent me for home loan, then will they be taxed as per their tax bracket based on the interest charged on the loan amountAnurag Panigrahi Reply by Adhil Shetty, CEO of BankBazaar.com How much tax do I have to pay? Calculate now If you have borrowed money from your parents and … Read more

I have taken a home loan from my parents for a house. Can I claim tax deduction under 80C and 24(b) of I-T Act?

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I have taken a home loan from my parents for a house. Can I claim tax deduction under 80C and 24(b) of I-T Act?

I have taken a home loan for a residential property. To make the down payment, I have borrowed money from my parents to whom I am paying interest.  What certificate would I need to show to my company so that they consider interest payment to my parents eligible for deduction u/s 24 (b)?   Can … Read more