Author Topic: Can I avail tax benefit of HRA if I have a house ready for occupation?  (Read 573 times)

rohit

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Can I avail tax benefit of HRA if I have a house ready for occupation but cannot reside in it?

chinmaya

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Re: Can I avail tax benefit of HRA if I have a house ready for occupation?
« Reply #1 on: January 16, 2017, 12:31:13 PM »
In this case, the Income Tax Act permits the individual to claim HRA and home loan benefits which includes both principal and interest repaid on the home loan, if you are residing in a rented apartment in the same city where your house is located for genuine purpose. But, if your house is vacant then you still have to pay notional rent income.