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K S Prasad (Querist)
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18 June 2011 Dear All,

One of our employee availed Housing Loan for construction from this month and he wants to claim the H R A exemption and also loan repayments in Tax Computation. Can he avail the both the exemptions in this financial year.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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18 June 2011 He can avail both exemption, provided the construction of home is complete in this Financial year.

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CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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18 June 2011 Without the completion certificate or possession certificate, whichever applies, an employer should not allow benefits for home loan repayment or home loan interest payments.

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