Tax benefit on hra as well as home loan interest & principle
This query is : Resolved
29 January 2014
I am a salaried employee
I have taken a home loan of Rs.7 lakhs in Aug-2012 for constructing a house at Kerala and occupation certificate received in Nov-2013. Presently I am working at Bangalore & staying in rented house. Whether I can avail IT deduction under HRA as well as Housing loan (Principal & Interest).
Kindly advice
I have taken a home loan of Rs.7 lakhs in Aug-2012 for constructing a house at Kerala and occupation certificate received in Nov-2013. Presently I am working at Bangalore & staying in rented house. Whether I can avail IT deduction under HRA as well as Housing loan (Principal & Interest).
Kindly advice
29 January 2014
Yes. You can avail deduction for interest/principal as well as exemption of HRA.
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