HRA claim for housing Loan
This query is : Resolved
DAULAL H BHATTER
(Querist)
30 March 2009
I am residing in a home on which i have taken home loan.can i claim HRA benefit?? Which other benefits can i claim??
Plz reply soon!!
Plz reply soon!!
CA. B.SRINIVASULU
(Expert)
30 March 2009
No. You cannot claim HRA if you are staying in your own house. However you can claim benefit under Sec 80C for prinicpal repayment and interest paid on housing loan upto Rs.150000
CA. Aryendra
(Expert)
30 March 2009
No you can not claim HRA benifits.
1. But you can claim interest of house under the Income From House Property.
2. You can also take deduction u/s 80 C for repayment of Principal amount subject maximum deduction of Rs. 1,00,000 under this section.
1. But you can claim interest of house under the Income From House Property.
2. You can also take deduction u/s 80 C for repayment of Principal amount subject maximum deduction of Rs. 1,00,000 under this section.
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