To all,
I availed a housing loan in May 2008 and started building my house. I was paying pre-EMI
for the loan and the actual EMI started from January. My house got completed in December.
Till then I was staying in a rented house. In January i went to my own house. I know i can
avail Pre-EMi and int and pri for the housing loan. Can I avail the HRA for the month of
April 2008 to December 2008.
Please advise.
pls. make clear in which year your house construction completed.
Dear Joseph!
In your case, as the construction was completed only in December 2008 and you have occupied the new own house in January 2009, You are entitled to claim HRA benefits for the period from April 2008 to December 2008 provided you are otherwise eligible under 10(13A).
Go ahead!!
Yes, u can claim HRA benifit upto the date u lived in Rented house.
and both int. and principal amt.paid during P/Y 2008-09 u can claim dedution U/s 24 and 80C rsepectively.
(assumed construction completd in Jan 2009.)
CAclubindia
