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RE:home loans
by Raj Karambelkar on Apr 20, 2007 06:00 PM

Right As Vaibhav said you will not be able to claim the benefit as the property is owned by your Dad. The way around this is to get the property transfered to yourself. Or the other option is that you can show that you are paying the rent to your dad and claim the benefit on HRA. However the HRA benefit may not be equal to the Home loan benefit.

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All these incomes are tax-free