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Hra benefit and interest on housing loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 February 2014 Dear Sir

An employee has claimed HRA from Apr'13 to Oct'13 in NCR and has availed a housing loan in the month of Oct'13 and he is paying Rs 2,38,931 as interest on loan from Oct'13 to Mar'14.

There are four co-applicant for property purchased.

He is claiming 50 % as interest and showing that his wife is not claiming at all and other co-applicants are paying 25 % each.

Should I give him benefit for Rs 119,465/-?
or pro -rate that amount from Nov'13 to Mar'14 ?

Please suggest.
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CA Parul Saxena

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CA Parul Saxena (Expert)
18 February 2014 You should allow him interest of Rs.119465

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