Sir,

I am working in Pvt. Ltd. Company at delhi and residing on rental basis. I am claiming HRA expemtion under the salary head. Now I would like to Purchase house property in U.P. after taking loan from father and the payment of loan will start after 2 year. when he gets his aged about 66 year. my Quesation is are under : -

1. Can I the loan from Father ?

2. After 2 year I will start making the payment of loan with Interest, then I claim the exemiton of Interest under head Income from house property and Income the head Salary u/s80c?

3. Can I claim the both exemition of HRA & Interest Income.Because I am living in Delhi & my house in U.P. ?

Pls advise me, what is my position ?


Regards,

Baljinder Singh

I have cleared my PE2 exams in May07. Now i have to get registered for the C.A. final course.But i am a bit confused whether to go for the New or the old course.If i go for old than i will have my final attempt in nov09 which is the last attempt for the old course.And the other option available is that i can go for the new course but for that i can give final attempt in may2010 and not in nov 09.But i don't want to waste my 6 months.

So, kindly guide me towards the right direction.


Thanking You

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Thanking You