banner_ad

Availing hra after home loan repaid.possible?

Tax queries 402 views 2 replies

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

Replies (2)

Hi

 

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

 

Thanks

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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details