POSTED BY May 2, 2012 12:54 pm COMMENTS (5)ON
Apologies if this is the repeat question.
I am about to declare investments for 2012-2013.
But have a confusion regarding declaration amount in HRA & Home loan
Purchased a new house in Feb 2012 [no declaration/mention in last year ] to be self-occupied.
Home loan EMI started from April 2012.
Presently I am staying in a rented accommodation (close to the new house) & expected possession of new house is in next 2 months. [June-July 2012]
Even if I consider all unforeseen delays , I am sure i will move in to the new house by Oct-Nov 2012 .
Now the confusion
— I understand 1 lakh towards principal payment can be declared under 80 C.
— Also I am eligible for 1.5L deduction towards interest payment under section 24b for self occupied property
But can I declare all of these:
1. HRA — for months I am staying on rent in this financial year &
2. Home Loan Interest payment — upto 1.5 lac in this year ( considering I am able to show the occupation certificate by the last quarter when investment documents needs to be submitted)
3. Home Loan Principal payment under 80C – [ i am sure about this one]
Basically (in my case) – can I declare both HRA & interest part in my investment declaration?
Thanks in advance