To

Ris,sir.

My Question is that can we taken deduction of housing loan (Interest +Principal) And House rent as per specification in rule Boath . Pl specifay me

Thanks
With Regards

Aninash Durge

Typically, you can only deduct the interest portion of a mortgage payment, plus the real estate taxes are deductible.

Both are itemized deductions, which MUST exceed the standard deduction to be deductible.

Only the interest is deductible. Principal is never deductible.

Aninash,
Something is confusing about your question. Why would you have a mortgage and be paying rent on the same property? Seems like there's more to the story then you've told us.