Tax benefit on hra & home loan repayment both
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2017
I am living in rented house and pay 6500/- per month rent to owner and also I have brought new house and taken home loan 1 year ago but builder have not handover me home.
still building under construction and I pay 5000/- EMI per month repayment of home loan.
can i take both deduction benefit under income tax.
please suggested me
still building under construction and I pay 5000/- EMI per month repayment of home loan.
can i take both deduction benefit under income tax.
please suggested me
27 May 2017
You can't take home loan repayment benefit as the construction of the house is not completed. Accumulate the interest paid till completion and claim it over a period of 5 years.
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