HRA, Sec 24 & 80C Deduction for Salaried Employee

Share
Share This Thread
  1. somak ghosh

    somak ghosh New Member

    I am a salaried person, posted at Delhi and getting H R A.
    If I purchase a flat at Kolkata by taking loan from a bank whether
    1) I shall receive rebate u/s 24 and 80CC for payment loan instalment and interest,
    2) How much maximum amount i may get
    3) whether deduction in I T for paying rent at Delhi would continue.
    Regards,
    S. Ghosh
     
  2. rudrabose

    rudrabose Active Member

  3. somak ghosh

    somak ghosh New Member

    I am grateful for the reply. I have one more question. I stay at Delhi, my father is constructing a house at Kolkata. If I purchase a flat from him whether I shall get those benefits. Would father-son relation create any problem in getting those benefits?
     
  4. rudrabose

    rudrabose Active Member

    No, father son relation wont create any problem in claiming exemption.

    You can purchase from your father and claim exemption
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
deductions available to salaried employee Income Tax May 4, 2017
Clarification on NPS deduction for mixed role (Partly Salaried & partly Self-Employed) Income Tax Feb 5, 2017
ITR 1 - 80CCD Deduction for Salaried Employees Income Tax Jun 27, 2016
Income Tax deduction on House rent, for non salaried individual Income Tax Jun 6, 2016
Deductions U/s.57 Income Tax Aug 26, 2018