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Can HRA not be claimed if one is claiming tax benefit on house loan for a house in the same city?


We are staying in Blore and planning to buy an apartment as an investment. If we buy an apartment in Blore will be able to claim HRA till the house is constucted fully and ready for occupation. Obviously in the construction stages we will be paying the pre-EMI on which we will claim tax benefit.
Or is it recommended to buy an apartment in some other city so that we can claim both HRA and tax benefit on house loan?

First: U cannot claim EMI before completion of construction. therefore u can still claim ur HRA.
Second: The pre-construction EMI will be allowed as five equal instalments from the year in which the house will be ready for occupation.....

Once the house is ready u cannot claim HRA. Ur wife can claim instead or ur sibling who is paying tax.....

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