Legal Question in Real Estate Law in India

My father has a land property in his name. We want to build a house on it. I will be taking full responsibility of home loan. I want to get full tax benefits of home loan. I read somewhere that you have to be co-owner to get tax benefits. Is it possible to make me the co-owner of the house before building it (even though the land is solely in my father's name) so that I can avail tax benefits ? If it is possible what is the approximate cost and time taken for the formalities, here, in Karnataka, India ?


Asked on 2/18/13, 9:50 pm

3 Answers from Attorneys
Sanjay Kalra Sanjay Kalra & Associates

The answer is NO..................Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.

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Answered on 2/19/13, 2:40 am
Shrichand Nahar S.V.Nahar, Advocate

Post in appropriate forum dealing with taxation.

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Answered on 10/03/13, 11:43 pm


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