Can Rent Paid Be Deducted From Rent Earned?

My husband is employed in a nationalised Bank and is having a flat in his name which has been let out . But at...

Can I Carry Forward Loss From House Property If I have No Income ?

I am taking an education oan for an MBA in the next year (2008-2009), and shall strat repayment from 1/April/2009 i.e. during Previous Year...

What Happens If Possession of Flats Gets Delayed Beyond 3 Years?

What is the income tax rule if my apartment possession gets delayed by more than 3 years (from the date I take the loan)?...

Can You Claim Deduction On home loans for Two or More Houses?

1. I have borrowed Housing Loan of Rs. 700000/- for my house where I am staying, EMI is Rs. 12000/-. Principal Amount is app....

Can You Claim HRA Exemption As Well As Interest & 80C Deduction?

Whether HRA exemption and housing loan rebate can be claimed together. Prashant P.DamaniYes, both can be claimed , but in some special circumstances. For...

Can I Get Tax Benefits If I Pay Rent To Father ?

I pay housing loan interest & I pay rent to my father whether. Can I claim interest deduction on loan & can I get...

Can I Claim HRA By Paying Rent To Wife?

I had taken a HBA from my office for the house which is jointly owned by me & by my wife. I repaid the...

Can I Get Deduction U/s 80C For House Owned By Father?

Can one get benefit of repayment of Housing loan from his salary u/s.80C if the house property is owned by his parents (as I...

Will Consumer Loan From GE Money Utilised For House Construction Give Tax Benefit?

I have taken a loan from GE Money. They have termed the loan as " Consumer loan" with Product type as "Home Equity".My question...

Is Deduction Of Interest On Loan Borrowed From Friends or Relatives Allowed ?

Whether an employer can allow the interest on housing loan borrowed from friends & relatives, while calculating the employee's income tax for deducting...