claim housing loan

hello

HI, YOUR NOT TAKEN HOUSING LOAN YOU WNAT TO TAKE  RT, YOUR ASKING FOR PRE-CONSTRUCITON HOUSE RIGHT, YOU CAN CLAIM HOUSING LOAN FOR PRE-CONSTRUCTION HOUSE.IF YOUR STAYING OWN UPTO 1.5 IS EXEMPT HOUSING LOAN INTEREST PAID AND HOUSING PRINCIPLE AMOUNT WILL COME UNDER 80c.IF YOUR LENTING THE HOUSE THEN YOU CAN CLAIM FULL HOUSING LOAN INTEREST PAID....

So you mean to say that I can not claim the principle amount also?

Because what I got to know was i can claim principle loan amount even if I am not staying there (because it is in construction)  but i can claim ineterest only after possession.

yes you can claim principal part of the loan but only in the next year ie. from 1-4-2009 under section 80C of the income tax act.

The information you have provided is really useful and great.
Lisa11

Make Money

hello madhuri

HI, YOUR NOT TAKEN HOUSING LOAN YOU WNAT TO TAKE  RT, YOUR ASKING FOR PRE-CONSTRUCITON HOUSE RIGHT, YOU CAN CLAIM HOUSING LOAN FOR PRE-CONSTRUCTION HOUSE.IF YOUR STAYING OWN UPTO 1.5 IS EXEMPT HOUSING LOAN INTEREST PAID AND HOUSING PRINCIPLE AMOUNT WILL COME UNDER 80c.IF YOUR LENTING THE HOUSE THEN YOU CAN CLAIM FULL HOUSING LOAN INTEREST PAID....

you can claim, i have mention in that na, you can claim under section 80 C of 1 lak including lic all invesments under..not more then 1 lak you can show.

I am a salaried person, can I get the Rebate for all

1. HRA Received By the employer ( Under I T Limit)

2. Housing Loan Principal

3. Housing Loan Interest

Can all above excemption  claim by me ?

HELLO

YA YOU WILL GET SIR, HRA EXEMPTION IF YOU PROVIDING THE RENT RECEIPTS, HOUSING LOAN PRINCPLE WILL COME UNDER 80 C, HOUSING LOAN INTEREST IF NOT LET OUT UPTO 1.5 LAKH EXEMPTION, IF LET OUT FULL EXEMPTION..

Hi,

I have a question on housing loan and HRA-

I want to know if I can avail of HRA and housing loan rebate on the property bearing the same address. I have taken loan and contructed first floor on the house my parents built. It is almost comeplete but some sundry work like second coat of paint and some electrical work is pending. I have been paying the EMI on the loan for this first floor. I don't live in the first floor nor is it rented, so can I avail of HRA for the ground floor and also housing loan benefit for the first floor?