Tax benefit for emi/hrai for underconstruction flat
pravin
(Querist) 05 January 2013
This query is : Resolved
I have bought one under-construction flat in Pune on Aug 2011 which is still under-construction and will be get possession in Mar 2013-May 2013, currently i am staying on rent in same city. Now I am paying Home Loan EMI (only interest) & Rent. As per my company rule i can only claim HRA, not a Home Loan EMI whenever i will not get the possession letter.
So please suggest me can I get a tax benefit of both on EMI & HRA in financial year 2012-13?
Raj Kumar Makkad
(Expert) 05 January 2013
You are very well entitled to claim benefit under section 80C of interest and EMI and also of HRA as both are covered under separate heads while computing income.
pravin
(Querist) 23 January 2013
Sir, thanks for reply, i shown this to my employer but they told me you can claim both but its require to submit the possession letter, but still i am not getting the possession letter. Also i had asked them Can i claim only home loan amount instead of HRA, because loan amount is greater than HRA amount but they told me without possession letter you not able to claim Home loan amt, So i request you that please give me any reference legal document as a proof for claiming both HRA & Home loan amount at a time. Si i will show them
