Please Help: 80 C deduction
Posted Date : 12-May-2012 , 01:33:59 pm | Posted By: Sourabh Mehra
Category :
Income Tax | Answers :
5|
Comments :
1| Hits: 487
|
|
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? |
 |
|
|
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
|
| 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) .
|
| 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 |
| Posted By : CA. SURESH Kr. AGARWAL |
15-May-2012, 01:27:20 |
| 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. |
| |
|
|
|
|
