Hra and home loan interest

Yes, you can. In the period when house was not in position to live, you may claim HRA for the house you are paying rent. And in such cases both HRA u/s 10(13A) & interest on house loan u/s 24b can be availed.

Hi Abhijit,

HRA and interest, both can be claimed for FY 15-16 as Sec 24(b) allows the assessee claim for interest from the previous year in which construction is completed. Hence, interest paid on borrowed capital can be claimes u/s 24(b) for FY 15-16 subject to a max of Rs. 2,00,000/-.

Regards

CA Shivani Mittal

Thanks a lot Shivani and Vikas for your feedback. Please let me know whether do we have any particular case study for it. 

Hi,

Read sec 24(b), it is self explanatory.

Hello Abhi,

Kindly refer this case study

Hon’ble High Court of Delhi in CIT v. Mr. Justice Avadh Behari Rohtagi [1986] 157 ITR 441