Claiming HRA and Home Loan Interest Together for Possessed Property without Staying in the Property

Share This Thread



    I am a Salaried Person and I stay in Gurgaon on Rent. I have purchased a Flat in Kolkata with a Home Loan from LIC-HFL with EMIs started in April-2016.
    I got the Possession of the Kolkata Flat last month in September-2016.
    Now the Flat in Kolkata is Vacant and Not Rented and No One stays there as my Family stays with me in my Gurgaon Rented House but my EMIs are On and I am paying them every month.

    My Question is :

    1. Can I Claim HRA Benefit as I stay on Rent?
    2. Can I Claim the Interest Paid under Section 24?
    3. Can I Claim the Principal under Section 80C?

    Dwaipayan Mojumder
  2. Satyanarayana Raju

    Satyanarayana Raju New Member

    You can claim HRA as you are paying rent for your residence. As the occupation is before March 2017 you can claim Interest and repayment of loan.
Draft saved Draft deleted
Similar Threads Forum Date
Is there any provision to Claiming both HRA and Home Loan Income Tax Feb 10, 2017
Home Loan- Claiming Tax Exemption - Co-Borrower Income Tax Jul 27, 2016
Claiming exemptions for HRA & HOME-LOAN Interest Income Tax Dec 28, 2015
Claiming tax benefit from Wife's home loan interest Income Tax Dec 15, 2015
Break-up of Home Loan EMI for claiming Deduction Income Tax Mar 5, 2015