Hra
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 October 2013
Hi
I have one query regarding HRA claim, I am constricting a new house for me, and right now I have been staying in rental house. In this case can I get exemption for my HRA and Interest on loan? If it is possible, What all things I need to do?
And under which section it is allowed?
I have one query regarding HRA claim, I am constricting a new house for me, and right now I have been staying in rental house. In this case can I get exemption for my HRA and Interest on loan? If it is possible, What all things I need to do?
And under which section it is allowed?
16 October 2013
Hi
Yes you can claim HRA now.
You can claim deduction of Int. on loan taken for constructing house is available in the year when construction completes.
Deduction of HRA is allowed u/s 10(13A)
Dduction of Int. on HL is allowed u/s 24 & principle amt u/s 80C
Pl refer link for more idea:
https://www.caclubindia.com/forum/hra-house-rrent-allowance-interest-on-housing-loan-faq-234214.asp
Thanks//VaibhaJ
Yes you can claim HRA now.
You can claim deduction of Int. on loan taken for constructing house is available in the year when construction completes.
Deduction of HRA is allowed u/s 10(13A)
Dduction of Int. on HL is allowed u/s 24 & principle amt u/s 80C
Pl refer link for more idea:
https://www.caclubindia.com/forum/hra-house-rrent-allowance-interest-on-housing-loan-faq-234214.asp
Thanks//VaibhaJ
16 October 2013
Pl refer IT guidelines: https://www.incometaxindia.gov.in/archive/house_property.pdf
Thanks//VaibhavJ
Thanks//VaibhavJ
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