Tax benefit for investment on renovation of my parental home

Forums Tax Planning Tax benefit for investment on renovation of my parental home

Tax benefit for investment on renovation of my parental home

I have invested money on the renovation of my parental home. Can I get a tax benefit for the same?
What proof I need to show in case it is considered for tax benefit.

Profile photo of Sunil Pandey Asked By: Sunil 1 replies 1 helpful answers Last Updated: 10 months ago
  • Profile photo of Sunil PandeySunil
    Participant

    I have invested money on the renovation of my parental home. Can I get a tax benefit for the same?
    What proof I need to show in case it is considered for tax benefit.

  • Profile photo of Chetan ChandakChetan Chandak
    Moderator

    u/s. 24 you can claim a deduction of maximum Rs. 30K per year for any interest paid on a loan take for renovation of the house . To claim this you should be the owner of the house.

You must be signed in to reply to this question.