How Can i get income tax rebate for interest paid for housing loan taken from my Brother ?



I Got house loan from my elder brother & I promise him to pay interest can i get income tax rebate for interest paid for housing loan to my Brother ?

How Can i get income tax rebate for interest paid for housing loan taken from my Brother ?
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8 Replies to “How Can i get income tax rebate for interest paid for housing loan taken from my Brother ?”



  1. Income tax rebate is only applicable on following conditions:
    1- A land/ house is at your own name.
    2- Loan is taken from a nationalized / registered bank.
    3- loan is taken at your own name.
    4- Loan interest amount is certified from Bank.
    Limit for interest is 1.5 lacs.


  2. whether the loan amount is previously taxed and your brother should have shown the loan amount earlier as income and now the interest which one you have paid should be shown separately as income from other sources as provided, then in this case you can get rebate, this should be on papers and through bank unless just forget it.

    are not you enforcing your brother in legal rest



  3. Income tax rebate is only applicable on following conditions:
    1- A land/ house is at your own name.
    2- Loan is taken from a nationalized / registered bank.
    3- loan is taken at your own name.
    4- Loan interest amount is certified from Bank.
    Limit for interest is 1.5 lacs.

    That fore you will not get due to no chance


  4. you can avail the rebate or intt but you need to collect the certificate from your brother and make sure he is showing the same intt in his ITR.

    Tulsi Gupta


  5. You are not paying any interest to bank. How can you expect IT rebate ? And if the house is owned by you , even your brother can’t get rebate. Better mortgage your property to any bank and take Housing loan to pay back your brother .





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