Deduction of housing loan repayment
This query is : Resolved
05 September 2009
Hi friends,
X is residing in Delhi on rent and is salaried employee in Gurgaon. He also has is own house in gurgaon for which he has obtained loan from bank. Due to some personal problems, he had to stay in delhi on rent. My query is, whether he can claim HRA exemption, interest payment on housing loan and deduction of repayment of principal amount of housing loan during calculation of his taxable income.
Pls. advise
thanks
X is residing in Delhi on rent and is salaried employee in Gurgaon. He also has is own house in gurgaon for which he has obtained loan from bank. Due to some personal problems, he had to stay in delhi on rent. My query is, whether he can claim HRA exemption, interest payment on housing loan and deduction of repayment of principal amount of housing loan during calculation of his taxable income.
Pls. advise
thanks
05 September 2009
Yes he can claim all the thing .
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