Home loan query - availing interest and principal and HRA

Sk1 1
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Hi,

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

housing-loan principal exemption interest income-tax
1 Answers
  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.
Pankaj Batra5212
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