Q:Me and my brother took home loan from lic housing finance. On loan documents we have our names, but on property sale deed my parents names are only present.Since our names are not there in sale deed we are not able to apply for Tax exemption.Is there anyway for us to claim tax benefits as me and my brother are only paying the home emi's for which we have proofs from banks.
Latest Answer: If your names are not mentioned in the Sale Deed, then you will not get any tax deduction in respect of housing loan interest or repayment of the housing loan. Thus, it is clear that merely making payment of EMI does not confirm tax benefit on the assesses.
