24 January 2009
Sir, an employee is residing in Rented room and paying Rent consequently taking exemption
In rented room up to Dec 08 Jan to Mar09 on own new house If he has taken loan for house on jul 08 and paying interest since then My ques is what about his tax benefit reg HRA and House loss In which period he will get exemption of HRA and when he will take benefit of Interest
24 January 2009
He can claim Rent for HRA purpose upto Dec08. And in case house property, Interest can be claimed from july to March09.(Full interest, but maximum upto Rs. 150000, as this is the case of Self Occupied Property)
CAclubindia
