Treatment of Interest on Home Loan- If home sold
This query is : Resolved
17 January 2009
Dear All,
An Employee has claimed till date Interest on home loan and repayment of Home loan. Now in December ,he sold this home. Now what treatment , we have to do.
Now he submitted Rent Slip on December onwards for HRA Exemption.
Please suggest what treatment we have to do.
CA. B.K.BANSAL
An Employee has claimed till date Interest on home loan and repayment of Home loan. Now in December ,he sold this home. Now what treatment , we have to do.
Now he submitted Rent Slip on December onwards for HRA Exemption.
Please suggest what treatment we have to do.
CA. B.K.BANSAL
17 January 2009
As the person already sold the home then he can not claim the home loan repayment.
HAR exemption allowed as per IT if only he received from his employer.
HAR exemption allowed as per IT if only he received from his employer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
