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HRA & Housing loan interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 May 2011 Dear Sir,

I am having a flat at Bhayandar on which I am paying interest on housing loan. I have also rented a premises at Malad where I pay rent. I occasionally stay at Bhyandar. Please advise whether I can take benefit of both, Interest and HRA exemption in my return? What is the alternate solution if any?
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CA Navin Jain

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CA Navin Jain (Expert)
16 May 2011 yes, you can take the benefit of both
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
16 May 2011 U CAN TAKE BENEFIT OF BOTH ONLY IF U STAY AT THE RENTED HOUSE DUE TO EMPLOYMENT,BUSINESS OR PROFESSIONAL REASONS
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