can a person claim benefit of HRA and Principal value of Home Loan at a time ?
Peson resides in one city Home loan taken for home situated in another city.
Pl reply
5 Replies
Ramesh Shah
(CA Final)
(228 Points)
Replied 20 January 2012
| Originally posted by : Learner | ||
 |
Yes, If you have taken a home loan to buy a house in the another city in that case you will be allowed to claim the following benefits from the Income Tax. Principal repayment under section 80C Tax benefit on interest payment under Section 24 HRA exemption Thnx |
 |
thank you
swapnil
(DY ACCOUNT OFFICER)
(75 Points)
Replied 21 January 2012
i have one query about above ans.... how he can claim for both benifits ??? ie either he get home loan benefit or HRA benefit .....?? pls i m waitng for the answer ??
(Guest)
Dear Swapnil,
Plz refer to the Expert CA Prashant Gupta's explanation. That will definitely solve ur doubt.
/experts/hra-and-80c-321095.asp
thnx
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 21 January 2012
| Originally posted by : Learner | ||
|
|
Yes, If you have taken a home loan to buy a house in the another city in that case you will be allowed to claim the following benefits from the Income Tax. Principal repayment under section 80C Tax benefit on interest payment under Section 24 HRA exemption Thnx |
|
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