Availing hra after home loan repaid.possible?

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SoftEngg
24 Points Posted on 13 January 2014

Hi,

I have a plot and have taken loan from axis bank. The bank has given loan in the form of plot and home construction though I intend not to construct home. I am already claiming HRA, could I also claim housing loan part ? If yes how? And if I claim home loan, after loan is paid can't I claim HRA again? Thanks very much in advance. Regards, ramki

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On 13 January 2014 at 08:53 Report
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Believe!! Live your dreams!
33521 Points Posted on 13 January 2014

Hi

 

You can not Int. on loan deduction against purchase of Plot!

 

Thanks

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On 13 January 2014 at 14:36
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Even if the bank has given you housing  loan on plot purchase you cannot claim interest deduction u/s24 or principal deduction u/s 80C as no residential house is being constructed.

You can continue to claim HRA deduction.

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On 13 January 2014 at 18:52

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