About hra & intt on deduction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 December 2011 Sir Here I want to ask a question that one of our client is receiving HRA from his employer
& he was living in rented house but during the financial year He purchased a property to live in the same city in which he is employee
on loan now my question is can he is avilable
for excemption of HRA & Intt on Housing loan Simultaneously.

Guest

Guest (Expert)

22 December 2011 yes he can claim HRA since he is living in rented house.

He can also claim exemption for interest amount u/s 24B and principal amount u/s 80C.

Thanks

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