Hra and lohp

Thanks Vikas.

I have paid the interest on barrowed capital as below

FY 2011-12                                   1,50,000.00

FY 2012-13                                   4,20,000.00

The construction of the  house is complted in Jan 2013.

The question is preconstruction interest is 1,50,000 + 4,20,000

or Only 1,50,000 as house was contrcuted in 2012-13

Thanks

Gangadhara

pre constructon period is the period 'prior to previous year' u can claim 150000 in 5yrs

and if ur house is self ocupied u can claim only 150000 in current f.y. but not 420000.

so this year u can claim 150000+50000=200000

Vikas thanks again,

I understnad there is a cap of 150000  on self oocuupied property including the preconstruction. So as I understand from the respone in other forum topic, for FY 2012-13 I can claim ONLY 150,000  (not 1,50,000+ 50,000).

But my real question is can I calim exemption on the interest 1,50,000 + HRA till Jan 13  as the propery is in the same town where I live.

Thanks

Gangadhara

sorry for that, yes it is 150000/- only,

yes i think u can claim hra up to jan since in the same town u r not having the house until then and u have occupied house only after jan-13. correct me if i am wrong,

thank u

Yeah,  I was also havign the same thoughts.

But my employer is not allowing me to claim both :-(

Let us see what other experts says.

Experts please comment on the matter.