Pri emi of housing loan

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 August 2015 MY FRND WORK IN PHARMA COMPANY..COMPANY GIVE HIM HRA ALLOWANCES OF RS 75000/- AND HE IS ALSO PAYING PRI EMI OF HOUSING LOAN RS 35000/- DURING THE YEAR..

WHETHER HE WILL GET DEDUCTION OF RS 35000/- UNDER INCOME TAX???

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
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03 August 2015 Yes he can if EMI paid for house which are not declared as self occupied house property I.e. rental income is declared on such property...

Querist : Anonymous

Querist : Anonymous (Querist)

03 August 2015 OK SIR..BUR BUILDING IS STILL UNDER CONTSRUCTION..