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HRA & Intt. on HL

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 February 2011 I am doing Job in a Company and getting HRA Rs. 10000/- PM and showing in ITR as Expenses Now I am also booked a Home and taken a Loan of Rs. 3000000 and paying EMI since last 5 months, Possession of the House will be in the year 2014. Can I take the Tax Benefit of Intt. paid to Bank on HL for the FY 2010-11 and HRA ?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
05 February 2011 Before possession , deduction for interest is not allowed.
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Guest

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Guest (Expert)
05 February 2011 Agree with Mr. Bhagat
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