HRA and EMI deduction

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RAvindra I.P (Querist)
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25 March 2011 Dear sir

If person leaving in rented hosue and his house is on underconstruction and also he is paying emi for hosuing loan.. my query is that.... Is that assessee eligible for HRA and EMI deduction from his salary income?

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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25 March 2011 He can have the HRA befit only...

EMI deduction is available only after the actual possession of house subject to other terms & conditions.

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CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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25 March 2011 Interest paid on housing loan will be available after occuipying the house property, for the time being you can claim HRA only.

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