Hi,
My home loan EMIs will be starting from 10th of next month. I live in a rented space right now and will be moving to my new home in March. I have two questions regarding tax benefits.
- Can I claim HRA as well as home loan interest benefit both for the month of February?
- EMI of February and March will have mostly the interest component only. Is it fine to show HRA from April to February and EMI amount of Feb and March in Section 24 in same ITR?
1 Answers
Hi,
1 - If you are taking possession of your own house then NO. But can claim HRA till Feb.
2 - Yes.
Kindly read:
Home loan & income tax benefits.
Under-construction property & IT benefits.
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