Taking loan to renovate parents house. Am I eligible for tax benefits on the interest paid?
Monday, November 23rd, 2009 at
8:47 pm
I want to renovate my parents house. For that i want to take loan. Can I somehow take advantage of home loan and avail tax benefit.
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Tagged with: Advantage • Avail • Parents • Tax Benefit
Filed under: property renovation
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hi
you cant avail any tax benefit, if u r specifically renovating your parents house.
Instead u make this as let property so that u can avail total intrest amount not principal.