u_prashant
Jun 15, 2009, 04:56 AM
Hi,
I have taken loan of 16.5 Lacs from HDFC in August 2007 for under construction property. I am paying full EMI of Rs. 18500 though disbursement was in instalments. I got a possession of my flat on 27th March 2009. I was claiming for HRA exemption as I was paying rent during that period.
Till date I have paid as below...
During 2007-08
PRINCIPAL COMPONENT Rs. 1,15,734.00
INTEREST COMPONENT Rs. 34,298.00
PRE-EMI INTEREST Rs. 2,835.00
During 2008-09
PRINCIPAL COMPONENT Rs. 1,66,095.00
INTEREST COMPONENT Rs. 58,953.00
PRE-EMI INTEREST Rs. 6,849.00
Now my question is, can I claim tax benefit on HRA exemption as well as on interest (under 24b), as I have paid rent for entire year and also got the possession in that financial year? My company has deducted TDS considering HRA exemption and my investment declaration under 80C. So do I need to ask for refund while filing IT Returns? Please advise.
I have taken loan of 16.5 Lacs from HDFC in August 2007 for under construction property. I am paying full EMI of Rs. 18500 though disbursement was in instalments. I got a possession of my flat on 27th March 2009. I was claiming for HRA exemption as I was paying rent during that period.
Till date I have paid as below...
During 2007-08
PRINCIPAL COMPONENT Rs. 1,15,734.00
INTEREST COMPONENT Rs. 34,298.00
PRE-EMI INTEREST Rs. 2,835.00
During 2008-09
PRINCIPAL COMPONENT Rs. 1,66,095.00
INTEREST COMPONENT Rs. 58,953.00
PRE-EMI INTEREST Rs. 6,849.00
Now my question is, can I claim tax benefit on HRA exemption as well as on interest (under 24b), as I have paid rent for entire year and also got the possession in that financial year? My company has deducted TDS considering HRA exemption and my investment declaration under 80C. So do I need to ask for refund while filing IT Returns? Please advise.