Tax exemption on home loan

Tax queries 898 views 1 replies

Hi.....friends.

I m working in private LTD company.My company has issued circular to us that submitt your investement before 20-jan-2012 for financial year 2011-2012 so that they can able to calculating the amount of tax deductible at source from my salary.

I have avail home loan in june-2011, and my final SALE DEED of property is not done and it will be completed before 31-march-2012 . So i can not able to submit this information to my company. so...

My question is that.

if i want tax exemption for my home loan under section 24/a and 80c on interest and principal amount than how can i appy for the same on behalf of my self (or what is the procedure for availing tax benifit for home loan by without submitting investent proof to company )

Please ....Provide information..

Replies (1)

Have you taken the possession of property? If your answer is yes, in that case you may claim both exemption otherwise answer is no.


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