HRA and home loan benefits in same city

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1 Points Posted on 16 February 2021
hi
can i claim both HRA and claim home loan tax benefits both are in same city and house is still under construction
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On 16 February 2021 at 13:23 Report
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Yes, you can claim both House Rent Allowance (HRA) and tax benefits on your home loan interest, even if your rented accommodation and under-construction property are in the same city. This is permissible as long as you are residing in a rented property while your own home is being built. The interest benefit on your home loan, including any prior period interest, can only be claimed after the construction is completed.

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414 Points Posted on 16 February 2021
Yes Satish ji, u can claim both HRA and interest benefit on home loan if u are residing in rented house and your home is under construction even if in same city
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On 16 February 2021 at 13:46
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12244 Points Posted on 17 February 2021
Only after completion of construction, interest on borrowed capital can be claimed including prior period interest
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On 17 February 2021 at 08:43

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