Income(Loss) from House Property

Dear Kapil,

First of all it must be clear to you that claiming HRA exemtion and claiming loss from House property are two very diffrent issues.

As you stated you are cliaming HRA exemption through rent receipt.

Now the issue comes with claiming Loss form House Property. The cliaming procedure in brief is given below:-

* you can claim loss form your House Proiperty only aftef completion of property.

* all the losses (per-construction period) before completion will be claimed in equal 5 installment from the yaer in which the house is comleted.

* However, you can claim for deduction u/s 80C for the whatever principal amount you are paying for your house building loan.

all the losses (per-construction period) before completion will be claimed in equal 5 installment from the yaer in which the house is comleted.

is losses=int on loan only, or any other exps also