Direct tax please help

Yes,

If you have taken a home loan to buy a house in the another city in that case you will be allowed to claim the following benefits from the Income Tax.

Principal repayment under section 80C

Tax benefit on interest payment under Section 24

HRA exemption

Thnx

Originally posted by : Learner
	Yes, If you have taken a home loan to buy a house in the another city in that case you will be allowed to claim the following benefits from the Income Tax. Principal repayment under section 80C Tax benefit on interest payment under Section 24 HRA exemption Thnx

thank you

i have one query about above ans.... how he can claim for both benifits ??? ie either he get home loan benefit or HRA  benefit .....?? pls i m waitng for the answer ??

Dear Swapnil,

Plz refer to the Expert CA Prashant Gupta's explanation. That will definitely solve ur doubt.

/experts/hra-and-80c-321095.asp

thnx