|
Can HRA Not Be Claimed If One Is Claiming Tax Benefit On House Loan For A House In The Same City? |
We are staying in Blore and planning to buy an apartment as an investment. If we buy an apartment in Blore will be talented to claim HRA till the house is constucted fully and ready for occupation. Indubitably in the construction stages we will be paying the pre-EMI on which we will claim tax benefit.
| Answer: First: U cannot insist on EMI before completion of construction. therefore u can still claim ur HRA. Second: The pre-construction EMI will be allowed as five equal instalments from the year in which the business will be ready for occupation..... Once the house is ready u cannot |
| ad2 |
