Hra Housing Loan Interest
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Q. I am staying in Baroda and rented house and also i bought one house and paying Home loan EMI in Baroda. Can I get benifits on both Home Loan Interest and HRA
Nirav Shah:
A. more
http://qna.rediff.com/questions-and-answers/i-am-staying-in-baroda-and-rented-house-and-also-i-bought-on/22087233/answers/
Q. I have booked one flat in suburban area of mumbai on 29 Dec 2010. Till date I have paid Rs 5 lacs as token amount and 20% of the flat cost. HDFC bank has approved a loan of Rs 22.68. I will get the possesion of the house in the month of June 2011. The loan has been sanctioned but not disbusred. Kindly advise me whether I should go for pre-emi or ADF. also advise how can i use this home loan for tax saving. I am residing at same place in a rented house. Can i claim tax benefit on both home loan and HRA?
Nirav Shah:
A. your tax benefit on the new loan will start from the date you will draw amount from it. Approval does not amount to enjoying the limit. If the......
more
http://qna.rediff.com/questions-and-answers/i-have-booked-one-flat-in-suburban-area-of-mumbai-on-29-dec-/22087233/answers/18952478
Q. Hi,I own a bare land in chennai and my work location is Bangalore.I want to know whether both my Principal and Interest amount are considered under Tax excemption or only the Principal amount.Also I pay HRA here.How could I plan my IT declaration.Pl guide me
Atul Joshi:
A. Interest on loan on vacant land does not qualify for deduction.Interest on housing loan qualify under the head Income from House Property and......
more
http://qna.rediff.com/questions-and-answers/hii-own-a-bare-land-in-chennai-and-my-work-location-is-banga/18952420/answers/14687156
Q. I have taken home loan in my name but my parrents staying there, i have staying rented hosue in the same city which near by my office, can i claim HRA and house loan principle amount and interest in this financial year 2007-08
Siva :
A. Check with your CA.
more
http://qna.rediff.com/questions-and-answers/i-have-taken-home-loan-in-my-name-but-my-parrents-staying-th/9800815/answers/14636854
Q. if i have taken A HOME loan for an under construction Appartment ,and paying EMI AS WELL AS HUSE RENT then can i get the BOTH HRA AND LOAN INTREST BENIFIT IN THE CURRENT YEAR ?
Krishnasahadev :
A. Interest on loan before completion of house may not qualify - check with your CA.
more
http://qna.rediff.com/questions-and-answers/if-i-have-taken-a-home-loan-for-an-under-construction-appart/7405731/answers/14614315
Web results for Hra Housing Loan Interest
Tweaking salary structure for higher tax savingsThere are various investments and expenses on which a person can avail tax rebates. (Reuters) Related Top Stories BankBazaar.com CEO Adhil Shetty... ...
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A few things to knowIndividuals are often confused on the manner of HRA calculation for computing tax benefits and it's certainly confusing given that it could vary... ...
http://www.goodreturns.in/news/2013/04/27/hra-tax-benefits-few-things-know-171625.html
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Govt employees to benefit from new HUDCO schemeNEW DELHI: Low rung government employees can now hope to own a house. The Housing and , or HUDCO, is at an advanced stage of negotiation with state... ...
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Check the tax efficiency of your salaryThis is the appraisal season. Most of you might be concerned about how much raise you'll get. However, equally important, if not more, is how the... ...
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