Hi All
I have some queries on HRA exemption. It would really great if someone could help me out of this.
Query1 : Last to last year year , I purchased a flat in Gurgaon and took a loan. I claimed the tax benefit on the interest amount ..which was 1,50,000. However due to certain constraints , that year I could not stay in this house due to personal reasons and long distance from my office. I stayed in a rented accomodation , paying around Rs 10000 per month.
As I was claiming tax benefit on the interest on EMI , I had an impression that I could not get a tax benefit on the House Rent I am paying . However , now I have come to know that I should ideally have claimed a benefit on rent as well.
Is this true ? .. I know that it is too late a realization ..(how foolish of me !! ) ..but still can anything be done now ? Can I reclaim a part of my tax paid ?
Query 2: In the current accomodation of mine , I am paying maintenance charges of around 4000 per month. Can I get a tax benefit on this under any head in addition to getting the benefit on interest ?
Thanks
Varun
CAclubindia
