HRA and Home Loan transfer
This query is : Resolved
Naveen Yadav
(Querist)
24 March 2023
Hi,
I have a home role on the house which I purchased in 2019. I am thinking of transferring the house to my parents and want to avail HRA on it.
Have a couple of questions:
- If I remain the joint account holder in the home loan account (given I am not the owner now), can I avail HRA on the property?
- I have taken the benefit of home loan in tax deductions earlier, what is the implication of this on that tax saved earlier?
I have a home role on the house which I purchased in 2019. I am thinking of transferring the house to my parents and want to avail HRA on it.
Have a couple of questions:
- If I remain the joint account holder in the home loan account (given I am not the owner now), can I avail HRA on the property?
- I have taken the benefit of home loan in tax deductions earlier, what is the implication of this on that tax saved earlier?
24 March 2023
1. HRA can be claimed only if you do not wish to claim home loan interest benefit.
2. No change.
2. No change.
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