I am living in my parents home and my father has retired this year. I am paying the home loan installments. Can I get tax rebate on that and how? The house is in my father's name.
Firend of mine has two let out property (in chennai and trichy) and for work reason renting a place in Banglore. Can he avail interest and principal as an exemption u/s 24, 80c and 10(13a)for the loan he borrowed ?
I have taken home loan in dec 2010 for 30 lakh so am i eleigible for exemption in income tax under 80 c, if yes how much will be deduction availed to me and also confirm if i am eligible for HRA simultaneosly
MY TAXABLE INCOME IS RS.400000/- AFTER ALL 80C & ALL EXEMPTION(100000/-), EXCEPT RS. 150000/- ON HOUSING LOAN INTEREST & RS 100000/- PRINCIPAL AMOUNT. THE HOUSE IS SELD OCCUPIED. PLS GUIDE ME HOW MUCH AMOUNT OF EXECPITON FROM HOUSING INTEREST & PRINCIPAL.
Considering I have a taken a loan on a flat in kurukshetra which I have rented out with an annual income of RS 36000pa.I am staying in Faridabad on a rented house. Can I avail both hra & home loan benefits (principal & interest both).will my rented income of RS 36000pa will be counted as my additional income.if my wife owns that property in kurukshetra and I am paying the home loan ,will that rented income will be counted as my income?
