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House rent allow

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This query is : Resolved

Ajay Goswami (Querist)
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24 January 2009 Sir,
an employee is residing in Rented room and paying Rent consequently taking exemption

In rented room up to Dec 08
Jan to Mar09 on own new house
If he has taken loan for house on jul 08 and paying interest since then
My ques is what about his tax benefit reg HRA and House loss
In which period he will get exemption of HRA and when he will take benefit of Interest

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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24 January 2009 He can claim Rent for HRA purpose upto Dec08. And in case house property, Interest can be claimed from july to March09.(Full interest, but maximum upto Rs. 150000, as this is the case of Self Occupied Property)

K V Subba Rao

K V Subba Rao (Expert)
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24 January 2009 I agree with CA Tarun.

Message likes : 1 times

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