HRA and Interest on housing loan
This query is : Resolved
ashok tanna
(Querist)
29 May 2010
Dear sir,
i m doing job in mumbai and getting HAR and i m planning to buy House in Ahemdabad,.if i take loan for buying house at ahemdabad then can i claim both HRA and interest on housing loan and principal u/s 80c.. kindly advise.
thanx in advance
i m doing job in mumbai and getting HAR and i m planning to buy House in Ahemdabad,.if i take loan for buying house at ahemdabad then can i claim both HRA and interest on housing loan and principal u/s 80c.. kindly advise.
thanx in advance
taxindiaconnect
(Expert)
29 May 2010
Yes
Message likes :
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Deepak Goel
(Expert)
29 May 2010
Yes, you can avail deduction of Interest on borrowing capital u/s 24(b) and return of princial amount u/s 80C but if you buy in Mumbai then you cannot avail this benefit
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