Repayment of Housing Loan and Principal
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 December 2010
We got housing loan in the name of Parvathi and Murugan:
Property in the name of Parvathi sutuated at Delhi & housing loan repayment made by me. Housing loan obtained both the names.
Parvathi my mother she stays in Delhi house, I am working in bangalore and staying at rented house.
My qustion is can i clime HRA, repayment of interest Rs.1.5/- lac and Rs.1/- lac principal amount which is paid by me.
Please advaice and provide notification
Property in the name of Parvathi sutuated at Delhi & housing loan repayment made by me. Housing loan obtained both the names.
Parvathi my mother she stays in Delhi house, I am working in bangalore and staying at rented house.
My qustion is can i clime HRA, repayment of interest Rs.1.5/- lac and Rs.1/- lac principal amount which is paid by me.
Please advaice and provide notification
HUZAIFA HUSSAIN
(Expert)
15 December 2010
Since, you are not the owner of the property u r not eligible to claim deduction u/s 24 towards interest on housing loan. Even you cannot claim deduction u/s 80C towards repayment of housing loan since u r not the owner of the house.
You can claim HRA in your computation since, u r paying rent at bangalore and staying in bangalore.
You can claim HRA in your computation since, u r paying rent at bangalore and staying in bangalore.
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