Deduction of house loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 March 2013
Respected Sir,
I am employee at Pvt company. I have take a home loan form bank, where i got a certificate for Principal & interest amount
At present i am living at rented house.
so can i take following deductions:
1) House rent allowance under salary (Even i have home & home loan)
2) Interest upto 1,50,000 ( if we are living at rented house & taking HRA benefits under salary Head)
3) Principal amount under 80C(If we are living at rented house & taking HRA Benefits under salary head)
I am employee at Pvt company. I have take a home loan form bank, where i got a certificate for Principal & interest amount
At present i am living at rented house.
so can i take following deductions:
1) House rent allowance under salary (Even i have home & home loan)
2) Interest upto 1,50,000 ( if we are living at rented house & taking HRA benefits under salary Head)
3) Principal amount under 80C(If we are living at rented house & taking HRA Benefits under salary head)
CMA Ramesh Krishnan
(Expert)
19 August 2013
A person cannot claim both the HRA & Housing interest benefit same time
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Visiting card purchase
- Query on effect of registration of property
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Equity Share Sale and Purchase
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
