19 February 2011
My client being an Individual is working in Delhi in Private Company from which he is getting HRA on Monthly basis.He is living at Delhi on rented House.Also he is having a residential house at Ahmedabad against which he has taken Housing Loan from Sceduled Bank & paying EMI regularly from his income.The House is occupied by his parents who is living at Ahmedabad.
Now Query is whether the assesse can claim both HRA to the extent of exemption u/s 10(13A) from salary income as well as Payment of Interest on Housing Loan u/s 24b of I.T.Act simulteniously or not.
19 February 2011
Possible. For details pl see https://www.caclubindia.com/articles/hra-housing-loan-interest-deduction-simultaneously-5955.asp
Guest
Guest
(Expert)
20 February 2011
Yes, assesse can claim both HRA to the extent of exemption u/s 10(13A) from salary income as well as Payment of Interest on Housing Loan u/s 24b of I.T.Act simulteniously .
CAclubindia
