March 6th, 2010

Can home loan payments can be taken as investment for TDS?

Vijeypriya D asked:


An employee pays home loan for the past 2yrs and the house is registered in his father’s name. Can he pay the loan thro’ cheque and get the receipts in his name so that he could give these receipts as investments to avoid TDS

This entry was posted on Saturday, March 6th, 2010 at 5:51 pm and is filed under Home Loans. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “Can home loan payments can be taken as investment for TDS?”

  1. CA GOUTAM BAID Says:
    March 7th, 2010 at 1:53 am

    No, this is not permitted

  2. Jss Says:
    March 8th, 2010 at 8:47 pm

    Yes, the principal may be deductible under section 80C, which has a limit of Rs. 1 lacs.
    But the problem is that the home is not in his name. So you need to find more about this.
    Forum for India Taxes: