12 May 2011
an exemption of rs.1.50 lakhs was given to our employee who stays in a rent appt. at hyderabad. then he has an home loan (a house being constructed in his native place GOA) can he get additional benefit of this housing loan either in principal or interest. please guide us.
hra is given by company is Rs.3.69 lakhs and interest on principal is Rs.1.50 lakhs so total 5.19 lakhs is eligible to him ? if not what is the max limit for exemption.
CAclubindia
