03 December 2012
I availed a housing loan for constructing my house. The construction was completed in Aug 2005. I'm still repaying the loan my parents are staying in that house. I live in a rented house in the same city (Bangalore). My queries are :
1) Can I claim "HRA" as well as "tax exemption against the housing loan".
2) How do I arrive at the "Loss From House Property"
03 December 2012
Hi Bhargava, thanks for your prompt response..However, here an article that says otherwise http://in.finance.yahoo.com/blogs/strategic-moves/claim-not-claim-hra-home-loan-dilemma-093105977.html Hence, my confusion. Can throw some more light now. I'm really confused.
03 December 2012
The Point is clear., though, your parents are living in your house., it is just like u are occupied with. And u are living in one more which means u cant live in 2 houses., right... so u will not be able to claim the exemption under HRA... but u can claim the benefir 0f 80C and 24b
CAclubindia
