Hi,
I have one flat booked in Gurgaon (under construction, possession not given). It was booked in year 2009. I have been living in Delhi on rent till Oct'16 and have purchased the same flat (in which living on rent) in Nov'16. Till now I was availing HRA benefits for Delhi flat by showing rent receipts and landlord's PAN number. Also, I was availing benefit of Rs 2Lakh on interest part for Gurgaon's flat (loan taken from SBI bank). The Delhi flat is co-owned by me and wife and also loan is borrowed by both (HDFC bank). Now, I need to submit the documents in my office for TDS deduction. Pls help me on below points:
a) Should I show anywhere about Gurgaon property?
b) HRA can be claimed from Apr'16 till Oct'16? As property has been purchased in Nov and currently we are residing there.
c) Can I avail home loan interest benefit (loan HDFC for currently purchased property)? Also me and wife are co-owner and co-borrowers, can I avail 100% interest benefit or 50% only?
Regards, Rajiv
CAclubindia
