80 c deduction

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 January 2013 I HAVE PURCHASED A PROPERTY IN NOV 2012.IT IS LET OUT.CAN I CLAIM INTEREST ON HOUSING LOAN AND HRA BOTH?

01 January 2013 Yes sir, you can claim both.
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For claiming HRA exemption you are supposed to pay rent. If you reside in your own house HRA will be taxable.

02 January 2013 Sir you can go through Sec 10 (13A) which will solve your query.


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02 January 2013 Yes, both deductions are allowed.

18 January 2013 If you purchased a house and let it out by borrowing the funds then the interest is allowed.

If you are not residing in the place where you have purchased the house then HRA is allowable provided you are paying the rent



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