House rent allow
This query is : Resolved
Ajay Goswami
(Querist)
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
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
(Expert)
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
(Expert)
24 January 2009
I agree with CA Tarun.
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