Hello sir, Can you please let me know how to get total house loan interest as exemption. I have own flat in Hyderabad and it was given for rent and i am getting 10k/annuam as rent. And i am working in bangalore and staying in a rented house. Whle calculating this year tax computation how i can get HRA as well as House loan interest which is paid approxmately 2.5 laks as exemption. As my accounting manager is not considering it beyond 1.5 lakhs as exemption. So please provide me with proofs like tax law sections to explain the same to Accounts manager. Thanks in advance. Murthy
Sir I plan to take a loan(15 lakhs) for a Housefed flat allotted to me(salary 11 lakh per annum).The construction is yet to start.Is it advisible to take the loan...considering whatever tax benefit I get vis a vis the interest I will have to pay on the bank loan.( When will I be able to claim it?And how mucH?Your column states that I can claim benefit only after the possession) AJ Singh
Sir, which income tax return form is to be filled by the salaried persons having raised home loan and seeking deduction/exmption for capital repayment as well as interest of home loan
