about claiming HRA & Housing loan interest & Principal.

This query is : Resolved

CA Sunanda Badgujar (Querist)
Follow

16 January 2010 Hello All,
I want to know that whether a person can claim benefit of HRA & Housing loan Interest & Principal amount at a time.
as the house is under-construction & the person at present lives in rented house.
so can he eligible to claim HRA as well as Housing loan Interest & Principal at the same time.
Pls reply early...
Thanks in advance.

CA Rohin Arora

CA Rohin Arora (Expert)
Follow

16 January 2010 Yes he can...

but calculate only the pre construction interest on loan only...

Rohin

CA Sunanda Badgujar

CA Sunanda Badgujar (Querist)
Follow

16 January 2010 Thanks for reply, but what about the Principal amount of loan installment which we can claim as deduction u/s 80C, during the period of construction.

CMA. Dinesh S Adhikari, ACMA

CMA. Dinesh S Adhikari, ACMA (Expert)
Follow

18 January 2010 He can claim all HRA, Interest and Principal.

But Interest(Sec 24(b)) & Principal(Sec 80c Amount is not eligible for deduction untill house not completed/fully constructed.

Regards!!!

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SARAVANAN PALANISAMY

GST Karimnagar state

Darshan

Krishnamohan Gangaraju

CA Bijo scaria

Subscribe Now

about claiming HRA & Housing loan interest & Principal.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA