Interest deduction in house property income

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 February 2013 my uncle purchased a house in Vashi ( New Mumbai )on which he is paying interest for housing loan of INR 30000 per month and rented out this property @ 6k per month and he himself is residing at new panvel on rental basis @ 10k per month ( which is apx 20 km from own house ) for employement and daughters education reason .
Shall he is eligible to get the benefit under
Deduction of Actual Interest > 1.5 lac he is paying if he show the rent income of his own property
or he should only claim hra ...

@VaibhavJ

@VaibhavJ (Expert)
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13 February 2013 Hi..

He can claim both..

Pl refer https://www.caclubindia.com/forum/hra-house-rrent-allowance-interest-on-housing-loan-faq-234214.asp

Thanks!!

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

13 February 2013 one more thing want to clear
that whether he will get the interest benefit of INR 1.5 lac ( FOR SOP ) or more the actual one apx.. 3.50 lac

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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18 February 2013 Purchased house:-Vashi

>Show rent Income,
>Claim Interest (No Limit of 1.5Lacs)Sec 24B
>Claim Principle (80C Repayment),

Rented House:- panvel:-

>Claim HRA Benefit of Paying 10k Rent

Regards,

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