HRA claim for housing Loan

This query is : Resolved

DAULAL H BHATTER (Querist)
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30 March 2009 I am residing in a home on which i have taken home loan.can i claim HRA benefit?? Which other benefits can i claim??

Plz reply soon!!

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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30 March 2009 No. You cannot claim HRA if you are staying in your own house. However you can claim benefit under Sec 80C for prinicpal repayment and interest paid on housing loan upto Rs.150000

CA. Aryendra

CA. Aryendra (Expert)
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30 March 2009 No you can not claim HRA benifits.

1. But you can claim interest of house under the Income From House Property.

2. You can also take deduction u/s 80 C for repayment of Principal amount subject maximum deduction of Rs. 1,00,000 under this section.

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