Income Tax exemption on home loan

Share
Share This Thread
  1. SushilB83

    SushilB83 New Member

    Hi,

    I would like to know if one can get a deduction on Interest on Home loan if the property has recieved completion certificate for it but the possesion is due after some months in the same financial year. Also can one claim benefit for HRA with the benefit for interest payment on home loan till the time he shifts to the new property.

    Eg: Property loan starts in August, possesion in January, Can one claim benefit on Interest & Principal and also HRA benefit for House rent paid till January?

    Thanks

    Sushil
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    Yes, you can claim deduction for the principal and the interest paid.

    Moreover, you can also claim HRA exemption along with deduction for interest and principal.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
exemption of income tax under section 10(26) Income Tax Feb 24, 2018
Income tax exemption for a autistic child Income Tax Jan 10, 2018
Income tax exemption on compensation received from nhai Income Tax Nov 30, 2017
Tax Exemption / Deduction from total Income - Medical Expences Income Tax Jul 27, 2017
Regarding Income tax exemption Income Tax Mar 2, 2017