Hra and interest on hosing loan exemptions
This query is : Resolved
22 January 2014
A person having a house in pune and he is living in the house of father, paying the rent to father. So, claiming HRA Exemption.
His father lives in the house owned by the person, can he claim benefits of Interest as loss from SOP??
Can he claim deduction of the principal paid U/S 80 C??
Please guide...
His father lives in the house owned by the person, can he claim benefits of Interest as loss from SOP??
Can he claim deduction of the principal paid U/S 80 C??
Please guide...
22 January 2014
Yes! He is eligible for deduction of interest and principal amt paid
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22 January 2014
What if the person having SOP in pune and he is paying rent for living in pune only??
22 January 2014
It does not matter whether you are living in that property or not
22 January 2014
My question is whether he can take HRA Exemption by showing rent payment and even Interest Deduction by Showing property as Self Occupied??
I mean whether he needs to show the property as Deemed let out and declare some rental Income for claiming the deduction of interest???
I mean whether he needs to show the property as Deemed let out and declare some rental Income for claiming the deduction of interest???
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