Pri emi of housing loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 August 2015 MY FRND WORK IN PHARMA COMPANY..COMPANY GIVE HIM HRA ALLOWANCES OF RS 75000/- AND HE IS ALSO PAYING PRI EMI OF HOUSING LOAN RS 35000/- DURING THE YEAR..

WHETHER HE WILL GET DEDUCTION OF RS 35000/- UNDER INCOME TAX???

03 August 2015 Yes he can if EMI paid for house which are not declared as self occupied house property I.e. rental income is declared on such property...

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 August 2015 OK SIR..BUR BUILDING IS STILL UNDER CONTSRUCTION..


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