HRA and EMI deduction
This query is : Resolved
RAvindra I.P
(Querist)
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?
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?
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.
EMI deduction is available only after the actual possession of house subject to other terms & conditions.
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CA.ViVeK M ACA
(Expert)
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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