Housing loan

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Ankit Saraf (Querist)
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04 January 2010 I have bought a house and taken a housing loan. Prior to that I was in the rented accomdation.

I got the loan disbursed on 12th Sep '09 and possesion of the house on the same date. However due to furniture work etc. I shifted in the house on 1st Nov '09.

For the period of 12th Sep to 30th Oct '09 can I claim both deduction under HRA and u/s 24 and 80(c). If not what claim is allowed in the income tax.

Thnaks

Bhavesh

Bhavesh (Expert)
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04 January 2010 You can claim both HRA and Housing loan benfits.

Ankit Saraf

Ankit Saraf (Querist)
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04 January 2010 Thanks Bhavesh,

Can you or anyone give some explanation. Need to convince my company people. Some refrence to I.T.Act / case laws or anything

Ankit Saraf

Ankit Saraf (Querist)
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04 January 2010 Thanks Bhavesh,

Can you or anyone give some explanation. Need to convince my company people. Some refrence to I.T.Act / case laws or anything

Bhavesh

Bhavesh (Expert)
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05 January 2010 There is no specific bar in either HRA or the interest sections that prohibit each other.

If you see section 80GG which deals with rent paid by non-salaried persons, there is a specific bar against claiming 80
GG benefits if the assessee also owns a house.

But there is no specific bar like this in HRA.

So u can claim it.

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