I had purchased a house 10years before, now i have sold the house by paying Principal Of Rs.4.72 Lac & INterest there on Rs.19917/-. now i am on rented house from Nov.10 onwards,
Could i calim benefit of Payment of
Principal payment agst. home loan U/s 80C
Interest paid on loan U/s. 24(B)
and House rent allowance U/s 10.
FYI, sold house & rented house both are in one place.
PLs. guide me.

From India , Vapi
Benefits under section 80C & 24 is associated with ownership. Thus for the period for which you are owner & paid principal & interest ur eligible for deduction under respective sections.
You are entitled to HRA exemption from the time you sold your housed & started living in a rented house, provided you do not own another house nereby i.e. in the city or surroundings.

From Singapore , Singapore
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 Cite.Co™