How Can Family Help You Save Taxes?

• January 25, 2021
• CA Chandan Agarwal's Office

INTRODUCTION: ‘Families Are That Compass That Guide Us, Inspire Us and Comfort us When We Falter’

But additionally, as family members we can save money and grow together. Let’s dive into the article to understand how to take family route for saving taxes.

WAYS OF PLANNING TAXES THROUGH FAMILY MEMBERS:

• IN CASE OF HOME LOAN: It is advisable to go for a joint home loan with your wife in order to claim separate benefit for deduction for principal amount under Section 80C and for claiming deduction of interest U/S 24(b) of Income Tax Act,1961.

Read more on: https://taxguru.in/income-tax/family-save-taxes.html