House property tax
This query is : Resolved
19 February 2013
Hi
I have a query regarding Income from House property.I am staying on rent and have recently bought a house on loan. My questions as below:
1) Can I claim principal + interest deduction for the loan and house rent allowance together.
2) If I wish to purchase a house in my hometown, what will be treatment for income from house property.
Please advise
I have a query regarding Income from House property.I am staying on rent and have recently bought a house on loan. My questions as below:
1) Can I claim principal + interest deduction for the loan and house rent allowance together.
2) If I wish to purchase a house in my hometown, what will be treatment for income from house property.
Please advise
19 February 2013
yes you can claim both the HRA as well as the principal (under 80C) and interest deduction (under 24).
the owned property shall be taxed according to its occupancy status.
the owned property shall be taxed according to its occupancy status.
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