Benefit of hra and home loan in same year

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.

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