query

Tax planning 665 views 1 replies

HI might to be too naive a question....

I have bought a flat last year nov 08 but currently residing in a rented one..thou...

can i claim for both HRA(rented) also

repayment of housing loan under 80c

One more thing in my claiming list i was given

repayment of housing loan - does that means emi+interest paid for the complete year or does it includes principal amount aswell..?

coz i dont find repayment of housing loan for principal specified in my company tax declaration page will that be in a different verbatim??

 

please suggest

 

Thanks

 

 

 

Replies (1)

No u can't take benefit of both.

If u hv one house in ur occupation at the place where u work, u can't claim HRA exemption.

In investment declaration, write amt of interest on housing loan in "Income from other sources declared by employee" & show principal amt of housing loan under "Deduction u/s 80C" if not shown separatel then show in "other deductions"

 


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