Hra

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2013 Hi

I have one query regarding HRA claim, I am constricting a new house for me, and right now I have been staying in rental house. In this case can I get exemption for my HRA and Interest on loan? If it is possible, What all things I need to do?

And under which section it is allowed?

@VaibhavJ

@VaibhavJ (Expert)
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16 October 2013 Hi

Yes you can claim HRA now.

You can claim deduction of Int. on loan taken for constructing house is available in the year when construction completes.

Deduction of HRA is allowed u/s 10(13A)

Dduction of Int. on HL is allowed u/s 24 & principle amt u/s 80C

Pl refer link for more idea:
https://www.caclubindia.com/forum/hra-house-rrent-allowance-interest-on-housing-loan-faq-234214.asp

Thanks//VaibhaJ

@VaibhavJ

@VaibhavJ (Expert)
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16 October 2013 Pl refer IT guidelines: http://www.incometaxindia.gov.in/archive/house_property.pdf

Thanks//VaibhavJ

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