https://www.taxtmi.com/forum/issue?id=109626 A non borrowing spouse may prepay a borrower's home loan by issuing payment if the spouse provides a written declaration and supporting bank statements, which banks typically accept to document the source of funds. Forum replies indicate the principal component of such prepayment can be claimed for tax benefit subject to the usual limitations applicable to principal repayment deductions; one reply describes the effect as producing negative income under the head of house property. en-us Thu, 31 Dec 2015 10:24:37 +0530 Thu, 23 Jan 2025 15:56:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109626 A non borrowing spouse may prepay a borrower's home loan by issuing payment if the spouse provides a written declaration and supporting bank statements, which banks typically accept to document the source of funds. Forum replies indicate the principal component of such prepayment can be claimed for tax benefit subject to the usual limitations applicable to principal repayment deductions; one reply describes the effect as producing negative income under the head of house property. Discussion-Forum Income Tax Thu, 31 Dec 2015 10:24:37 +0530 https://www.taxtmi.com/forum/issue?id=109626