Loss of Houser Property

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sushil upadhayay (Querist)
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27 November 2008 supppose MR. is an NRI and he is having salary income in india on which TDS has been deducted by the company and he files return for it every year.

In year 2008 he purchased a House property through the amount remitted from abroad in his NRE account and takes a loan from Nationalised Banks say SBI from India.

Question is:

1. Whether interest i.e., loss on house property can be claimed agst the salary income or not.

2. Principal repayment will be allowed as deduction u/s 80C or not.

3. what if the loan repayment is done from NRE account.

4 What if the loan repayment is done from salary received in India.

5. Whether he can include his salary income in purchasing the House Property or not.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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27 November 2008 1. yes.
2. yes.
3. nothing in particular.
4. nothing in particular.
5. yes.

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