banner_ad

Tax with home loan and house rent allowance

This query is : Resolved 

18 January 2014 Dear sir/Madam,
A central govt employee applied and received home loan from June13 and started repayment the same month. But occupied the house only after construction over ie december13.
While calculating for tax, given interestand principle repayment certificate from june13and house rent certificate from march13 to november 13. office people says rental exemption will be applicable only for march to june13.But i have paid rent and bank loan repayment also during the same period. Is there any rule regarding this ? Kindly guide me. Thanks in advance.

18 January 2014 Hi

There is no such rule in IT which can stop from getting both benefits.

You can produce rent receipts to claim an HRA & bank cert. for claiming HL Int & Principle paid by you.

Thanks

18 January 2014 refer: https://www.firstpost.com/investing/you-can-claim-both-hra-and-interest-paid-on-home-loan-as-tax-deductions-521391.html

https://profit.ndtv.com/news/your-money/article-home-loan-and-hra-how-the-tax-works-out-317314

Thanks


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details