Both HRA exemption and Interest Deducton Can Be Availed Simultaenously

Can I claim deduction for HRA for apart of the year and interest on housing loan for the rest of the year. If the...

Rs 2,50,000 deduction is possible on account of home loan!

I have a taken a home loan and a salaried employee.I understand max limit on deduction of home loan interest from gross salary is...

Your Wife’s Claim is Correct!

My wife is a central government servant in New Delhi. We used to live in rented house, and from March 2006 shifted to government...

Acquisition or Construction must be Completed within 3 Years

I have following questions WRT House loan tax beneifits:1. After availing loan for house (under construction), if I am paying rent, can I claim...

Can I use capital gains earned on a property to construct 1st floor in...

Yes , you can . The Income tax Act states that whoever , sales a residential house , long term capital gain can be...

Can interest deduction be claimed even if possession of house is not taken?

Someone Asked on yahoo Answer-replied by me on 1/11/06.I have taken a Home Loan for an under onstruction property and have been paying EMI...

What is the tax laibility of an NRI in case he gets rental income...

Someone Asked on This blogI am an NRI. I have invested in a property in India and expected to earn an income of Rs.45,000/-...