Tax rebate on Home loan on mother's property
I have got a home loan from SBI on my mother's property. she is co-signee on the the loan. Can I use EMI paid for my tax saving.
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If the property was already built and paid for; post this you have taken a "Loan against Property", you will not be able to claim any tax rebate.
If you mean that the land was on your Mother's name and you have taken a loan to build the house, you can claim rebate if you have completed the construction.
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