Please Help: 80 C deduction
Posted Date : 12-May-2012 , 01:33:59 pm | Posted By sourabh mehra
If an employee is getting HRA and claiming deduction under salary, whether he can claim deduction of Loan payment to bank under section 80 c if house is purchased on loan from bank?
Category : Income Tax | Answers : 5 | Comments : 1 | Hits : 419
Answers
Answer By: May I Help You.
VIR SINGH :-
Yaaa bt if his house is not in the same city where he recive hra and living in rental home
Yaaa bt if his house is not in the same city where he recive hra and living in rental home
Answer By: May I Help You.
Saurav Singh :-
He can claim both,provided he owns a house prop n he pays rent for his accomodation(separate) .
He can claim both,provided he owns a house prop n he pays rent for his accomodation(separate) .
Answer By: CA. SURESH Kr. AGARWAL
Dear HRA is a part of the salary, however if he has taken Loan for construction/Purchase of the house the same Interest & Payment of loan amount can be claimed under Income Tax as deduction.
Answer By: Rambabu Senkarasetti
Yes, He can claim.
Answer By: Rambabu Senkarasetti
Yes, He can claim.
Comments
CA. SURESH Kr. AGARWAL
15-May-2012 , 01:27:20 pmDear HRA is a part of the salary, however if he has taken Loan for construction/Purchase of the house the same Interest & Payment of loan amount can be claimed under Income Tax as deduction.