Can an employee take the exemption from income tax on repayment of house loan emi and house rent paid?
April 16th, 2009
Ur Frnd asked:
Two years back i have bought a house and avail house loan but still i do not have shifted on that house due to some certain reasons and living on rent. Can we take the exemption of income tax on repayment of house loan emi and at the same time on rent paid. what should be the pre-conditions and if yes under which rule/section of the income tax act.
Sneaky Redirects
Two years back i have bought a house and avail house loan but still i do not have shifted on that house due to some certain reasons and living on rent. Can we take the exemption of income tax on repayment of house loan emi and at the same time on rent paid. what should be the pre-conditions and if yes under which rule/section of the income tax act.
Sneaky Redirects
ZtyleMobile :
April 20, 2009
I think yes!
Jss
April 20, 2009
Read this
Interest deduction up to Rs. 1,50,000 and capital amount under 80C.