80 c deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 January 2013
I HAVE PURCHASED A PROPERTY IN NOV 2012.IT IS LET OUT.CAN I CLAIM INTEREST ON HOUSING LOAN AND HRA BOTH?
CA PARAS BAFNA
(Expert)
01 January 2013
Yes sir, you can claim both.
.
For claiming HRA exemption you are supposed to pay rent. If you reside in your own house HRA will be taxable.
.
For claiming HRA exemption you are supposed to pay rent. If you reside in your own house HRA will be taxable.
Message likes :
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VIPIN GUPTA
(Expert)
02 January 2013
Sir you can go through Sec 10 (13A) which will solve your query.
Guest
Guest
(Expert)
02 January 2013
Yes, both deductions are allowed.
18 January 2013
If you purchased a house and let it out by borrowing the funds then the interest is allowed.
If you are not residing in the place where you have purchased the house then HRA is allowable provided you are paying the rent
If you are not residing in the place where you have purchased the house then HRA is allowable provided you are paying the rent
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