Home loan query - availing interest and principal and HRA


I stay in a rented house in bangalore. I have picked up a home in my native village in Karnataka.the house construction will be complete by end of this financial year - March 2012. the house will mostly not be rented out. I wish to know the following: 1. can i claim interest as well as principal exemption along with HRA exemption for this year 2011 to 2012. 2. With DTC coming into place will this be affected. I understand i cannot claim Principal component.

thanks Sk

asked Apr 08 '11 at 01:44 by Sk1 1111

  1. Yes, you can claim both HRA and home loan principal exemption.
  2. After DTC comes into play, most of the 80-C exemption will no more be applicable, home loan principal is one of them too.

answered Apr 11 '11 at 01:34 by pankaj 5.2k320


Know someone who can answer? Share a link to this question via email, twitter , or facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text](http://url.com/ "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported



Asked: Apr 08 '11 at 01:44

Seen: 1,785 times

Last updated: Apr 11 '11 at 01:34