House property
This query is : Resolved
Sankar Chakraborty
(Querist)
16 March 2012
If a salaried individual having a own house should he claim any deduction when computing his income for his IT file?
Dintakurthi Tirumala
(Expert)
16 March 2012
He could not claim HRA deduction. If any loan on his own house and the principle repayment portion would be deduct under section 80C and the Interest portion would be deduct under section 24(b) upto maximum of Rs.1,50,000 either paid or not.
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