tax on loan




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Old 10-21-2008, 02:09 PM
ankur3042's Avatar
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Join Date: Jan 2008
Location: delhi
Posts: 2
Default tax on loan

hi,

i am softwRE ENGINEER having sal of 5 lakh/annum and paid 26000 tax this year and 15000 last year.
we have taken home renovation loan of 6 lakh which i need to pay early but home loan is taken on my mother name, with her account only. As she does not have any income(no pan card yet) , how can we pay home loan early without any compications of tax.(home is on my mothers name).
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