Tax with home loan and house rent allowance

This query is : Resolved

sembaianathan (Querist)
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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.

@VaibhavJ

@VaibhavJ (Expert)
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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

@VaibhavJ

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

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

Thanks

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