Hra and interest on housing loan allowability

Tax planning 602 views 2 replies

Hi,

I have purchased a flat in Kolkata on loan for which I am paying Interest (The amount exceeds 1.5 lakh). I am currently not staying in the flat due to distance and have shifted to a rented apartment in Kolkata itself, paying rent of 16,000 p.m. I recieve HRA from my firm. I am claiming deduction of principal of 1 lakh U/S 80C. I would like to know if I can claim deduction of Housing Loan Interest U/S 24 and HRA U/S 10(13A).

I need to urgently submit my tax planning to my company or they would be deducting tax. Any help would be hugely appreciated.

Thanks

Replies (2)

Dear Mridul,

As far as my Limited Knowledge is concern,

Bindas go ahead, with claim Exemption Housing Loan Interest U/S 24 and HRA U/S 10(13A).

Absolutely No problem,

regards

BHAVIN SHETH

yes, you can claim HRA u/s 10(13A) as well as interest under section 24.


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