Benefit of hra and home loan in same year

Tax queries 614 views 6 replies

Hi

I was staying on rent in an apt and purchased adjacent one on same floor (already constructed) to which I moved on 31st March. Property was registered in 1st week of January 13. I am claiming HRA for entire financial year till March. In addition to HRA can I also claim exemption for interest and principal that I am paying as part of one pre-EMI (Jan) and two EMI (Feb and March 13) as I had occupied property in same financial year?

Thanks

Vivek

 

Replies (6)

The exmption of HRA has nothing to do with interest and principal of House owned by you.

 

HRA is covered by salary

Interest and principal are covered by house property.

You can take benefit of both.

Thanks for your comment. Can I claim both HRA and exepmtion for property from January to March?

To claim HRA exemption you need to produce rent receipts and show actual payments to the person renting the property.

If you have supportings, you will get exemption in HRA else not.

Hi Vivek,

The said problem is faced by many employees.
You can avail both. Refer the link below:

https://cadiary.org/house-rent-allowance-hra-exemption-how-to-calculate/

Originally posted by : Akshata

Hi Vivek,

The said problem is faced by many employees.
You can avail both. Refer the link below:

https://cadiary.org/house-rent-allowance-hra-exemption-how-to-calculate/

Hi Akshata

The link that you have shared talks about calculation of HRA. But it does not talk about claiming both HRA and home loan benefit.

 

ok vivek

hope this helps then "https://taxmantra.com/claim-hra-and-interest-on-housing-loan.html/"

in any way answer wud be yes,u can claim.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details