Ask Experts Questions for FREE Help !
Ask
    biblio's Avatar
    biblio Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 18, 2011, 12:47 AM
    Query on 24D and HRA
    I have some queries on using HRA and 24 D both in same financial year.

    I had taken a loan for buying house 2 years back. I registered my house on 10th Oct this year. I am planning to move to this house on 1st December. I am currently staying on rent.

    1. Do I claim deduction under 24 D for all the interest paid for this year? Or is it starting December(start month of occupancy) or October (month of registration)?

    2. In case 24 D is applicable starting month of occupancy only, does the March-2011 to November-2011 interest goes in as pre-EMI for this year?

    3. Is last year's pre-EMI's 20% eligible for this year tax-deduction?

    4. Only to be certain, in all these cases, I will claim HRA deduction till the month of November?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Nov 18, 2011, 08:43 AM
    HRA can means a number of things tax-wise. I have NO clue what 24 D is about.

    I suspect this is a question involving the INDIAN tax system, in which case you need to post it to the link below:

    http://mytaxes.in/

    This forum deals EXCLUSIVELY with tax issues for the United States, NOT India.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

HRA Deduction ( metro / non metro city ) [ 3 Answers ]

Hi All Please help me out Our company is situated at mumbai, & we are providing hra deduction to all employees @ 50% of basic salary as pe income tax laws as the mumbai is metro city, Now one of the employee produced rent receipts for his stays at rental house in Thane ( which is...

HRA and Interest exemption [ 1 Answers ]

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. ...

HRA & Home Loan Rebate [ 1 Answers ]

Can I seek tax benefits for both HRA and Home loan together? 1. I currently stay in Noida (rented property) which is more than 30 km away from my house in Govindpuram, Ghaziabad. 2. I cannot shift to Ghaziabad as my house will be approx. 70 kms away from the office located in Gurgaon. I am not...

Can I get the deduction in income tax for HRA deducted by my company [ 3 Answers ]

My total salary package is 32000/ PM (Thirty two thousand). Out of this company is deduction Rs. 2240 as rent free accommodation. Which is not included in my gross in salary slip. Out of my total package of 32000/ Rs. 2240 is being deducted. Can I get the deduction in incme tax in India

DNS Query Query. A Query about DNS Queries... [ 12 Answers ]

I am a software developer, I don’t know much about networks. I have a working network but with one weird (well to me it’s weird) problem. If you can offer any insight I’ll be very grateful! <!--- Image Attachment Below (I couldn't find a way to paste it here in the editor :-( ) ---> ...

View more questions Search