Tax Treatment on Income From House Property

u can get benefit of tax on the interest amount + principal amount after possesion & i think u cant get hra exemption 

Principal & interest repayment of loan after taking possession of property will be allowable as deduction from the year in which possission is received, i. e. next year.

Interest paid during preconstruction period will be allowable in 5 equal instalments over a period of 5 years.

You can get deduction u/s 24 of the interest on loan & repayment of loan u/s 80c and you can also claim the exemption of HRA u/s 13A as you were actually on rent and you can furnish the receipt of rent for the period you paid rent i.e till you got the possession of house.

interest on loan taken will be allowed as deduction from income from house property U/S 24(b) and will also get eligible for deduction U/S 80C at the time of repayment of loan and you can also claim Examption U/S 13A

Originally posted by : Mohammad Asif
	interest on loan taken will be allowed as deduction from income from house property U/S 24(b) and will also get eligible for deduction U/S 80C at the time of repayment of loan and you can also claim Examption U/S 13A

agree