income tax
This query is : Resolved
23 December 2008
Hi!
Please reply:
If an employee caliming HRA at a place of employment can claim intt paid for two housing loans for properties at a place other than that of employment. In one property his wife is staying and at other property his father and mother staying. what if father and mother has one more property on their joint name.
Thanks
Please reply:
If an employee caliming HRA at a place of employment can claim intt paid for two housing loans for properties at a place other than that of employment. In one property his wife is staying and at other property his father and mother staying. what if father and mother has one more property on their joint name.
Thanks
CA Tilak Raj Sharma
(Expert)
23 December 2008
Yes, he can claim benefit of repayment of loan u/s 80C and interest on loan under income from H.P.
The only condition that HP and loan should at his name and he is paying the loan instalments. And property should be situated at a place different from place of job.
The only condition that HP and loan should at his name and he is paying the loan instalments. And property should be situated at a place different from place of job.
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