Hi,
I have availed a housing loan from April 2013 onwards for an apartment that was under construction and will get possession is in March 2014 i.e. next month (Registration would be done in February last week) . While it's being constructed, I have been staying in a rented accomodation. My question is that - since possession is due within current financial year - can I claim both HRA and Housing Loan Interest for tax exemption for this year?
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Can i claim hra and tax exemption on interest together ?
Replies (1)
Yes,
For claiming HRA exemption, you should fall under following situation.
- House Rent Allowance Received
- House Rent Paid
so you are eligible to claim HRA for the 11 months and also the interest on the self occupied house property,
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