Housing loan and HRA benefit

hello sir

ground floor asking HRA its rented or you staying in that floor,Loan you can claim exemption of principle under 80 c section and interest you can claim upto 1.5 lak if not rented if rented how much you pay you will get full exemption, from april 1-4-2009 you can claim this things sir ....but for hra if not givin for rent then you cant get hra exemption sir.........

Hi,

I have not rented the first floor nor am I living there. I am staying in ground floor with my parents. I want to claim HRA for ground floor as I pay rent to my father. The property still has only one address for both HRA and housing loan claim, is it OK?

Hi,

Please, anybody here to clarify the above question?

hmm.. looks like none of you know the answer to my question. I thought it was simple enough.

HI Ranganath,

There are so many  loopholes in the IT ACT and also act has not expressesly clarifies many points. You can easily show that you are paying rent to your parents as you don't own any house. You can also claim Principal repayment on Housing loan as 80C. Interest on H/L can be claimed when you prove that house is fit for use i.e completed. After it is complete, you can't claim HRA as you own a house now.

Regards,

Hi Ranganath

Can u tell me one thing that is that house is on ur name or else .

Mail me Sorabh.gupta @ ambujacement.com