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?
Menu
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,
Recent Topics :
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
Related Topics :
CAclubindia
