Loan principle and interest in income tax

691 views 1 replies

Hello,

I will get Possession of my flat in 31-Jan-2012.  I will move to my new flat in Apr-2012.  I am staying in rented flat.  I will get benefit of Principle & Interest paid on Loan EMI.  With that ...

Query:

Can I show Rent Paid Receipt for Feb-12 & Mar-12 for Tax deduction based on HRA?

So how will I get benefit of HRA say Apr-11 to Jan-12 .. Rent Paid receipt or I can get benefit of Apr-11 to Mar-12 rent receipt.

Please give your valuable suggestion.

Thanks.

Replies (1)

Apparently you will move in Apr-2012, so you can claim rent paid uptil that date , so Cheers no problem at all

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