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Housing loan exemption
Hi all i have such a queries which related to housing loan exemptions please clarify below questions it would help me to clear understanding of tax. 1.if the person got the housing loan as pre occupied means how we should taken his housing loan interest it means how many of year can i consider his housing loan interest payment for tax exemptions still he has not been occupied his own house due to construction. 2. and if the person occupied his own house menas how should i take n his housing loan interest and how many of years shall i consider his housing loan interest for exemption with regards vasanth
Public sector bank approached commercial court for recovery of remaining staff housing loan
I was appointed as an officer in a public sector bank. bank harassed me and i went on leave. thereafter they passed the orders of voluntary vacation of service. my appeal was also rejected. they have recovered pf gratuity for the setting of staff car loan staff housing loan. the housing loan is still not fully clear. now they have approached the commercial court for recovery of the remaining staff housing loan. the property is yet not registered. can they recover staff loans after termination?
Need details on tax benefits from housing loan
Hi can anyone just brief me on the tax deduction facilities available for housing loan ? is the tax exemption for housing loan principal and interest payment part of the tax exemption for investments mutual funds nsc etc upto 1 lakh max or is it an additional option other than the investments . can you please clear this at the earliest ? awaiting a positive response. thanks in advance kk2202
About housing loan in income tax returns
Hiplease note this is posted in 24 feb2009. i am paying rs.180000/ per year as housing loan. the intrest will be around 1.5 lacs and the rest as principal for a loan of 12.5 lacs.how to calculate for income tax for 200910 submission.last year the principal amount was detucted in the 100000 benefit savings column and the intrest is detucted in the source itself upto1.5 lacs. does this remains the same or there is a change. please reply soon and advance thanks to all who reply and the admin
Housing loan comes under which section ?
Dear seniors kindly let me know in housing loan repayment the total amount comes in three parts as follows arrears of interest: interest: principal amount: now my question is in tds declaration form under which section these all three amount should come. for interest on housing loan already one column is there under sec. 80d. should the principle amount come under sec 80c. please guide me... thanks ravita
Hra deduction
Dear all please clarify my following doubts 1. one of my colleague bought a land at his native place and paying the housing loan. he is residing at chennai on rent. now my doubt is can we take housing loan & hra for tax exemption. 2. another colleague residing at rental house he bought a flat at chennai and his parents are residing there. can he claims housing loan as well as hra for tax exemption. he says last year he claimed both. regards sudha s