Deduction
This query is : Resolved
04 February 2011
a person working in delhi has a vacant house in dehradun, he is receiving HRA from his employer in delhi. house in dehradun was constructed through housing loan and he is paying a monthly installment for the same. can he claim HRA from the salary and repayment of loan U/S 80 c from GTI. also he can take the vacant property in dehradun as self occupied?
CMA Ramesh Krishnan
(Expert)
04 February 2011
yes. can be claimed please refer sec.23(2)b for claiming interest & HRA can be claimed for rent payment
05 February 2011
sir, disucussing the above case i would like to ask about the repayment of principal amount of the loan. whether the principal amount will be allowed as deduction u/s 80c along with the HRA?
CA PARAS BAFNA
(Expert)
05 February 2011
Yes. You can avail deduction for Principal repayment as well as interest .
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