Family loan, tax treatment -reg?

Answers:3   |   LastUpdateAt:2012-11-02 09:06:03  

Question
Peggy
Asked at 2012-08-29 08:04:05
Can anyone provide the specific rules applicable tax law , when a MedlinePlus female employed loan is the family pensioners / parents to buy a stake (with a parent ) property to purchase prices for self - occupation. How can you leverage and what to do to meet the benefits available to ensure a family loan arrangement by internal IT Rules / ACT .
Answer1OtiAnswered at 2012-09-01 16:24:02
find a CPA or tax attorney , not ask us hacks in the interweb !
Answer2Precious_Soul17 Answered at 2012-09-11 10:01:06
If you have received loan from a friend / family to purchase the home , you can claim benefits on interest paid only u / s 24. MedlinePlus MedlinePlus HMT
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