Home > Money > Question
Need Expert Advice?Our Gurus Can Help
Vivek

Vivek Lala  |251 Answers  |Ask -

Tax, MF Expert - Answered on Mar 31, 2023

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more
S Question by S on Mar 21, 2023Hindi
Listen
Money

I am S Rangarajan from Chennai working with a private company in Chennai, stay in a rented house and claim HRA. In Jul 2019, I have booked a flat jointly along with my spouse in Chennai (before construction) and paying interest and principal from the date of booking to till date. The project was handed in Nov 2022 and the flat is kept unoccupied despite being in same city due to distance constraints for my son's schooling. However, I have plan to let it on rent from 01 Apr 2023. I need clarification on the following. Am I eligible to claim interest and principal and also the HRA? My employer is objecting to claim house loan benefits as well as HRA. Need your advice please. S Rangarajan

Ans: Yes you can claim both
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
Money

You may like to see similar questions and answers below

Latest Questions
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x