06 October 2009
Can i have a home loan to buy a home in my native place at gujarat & at the same time enjoying the benefit of claiming HRA for staying on rent in Mumbai.
Since there is no such provision in the Income Tax Act denying the benefit of both the above things.
Advise me on the basis of practical experience you have
06 October 2009
Agree with experts. You can claim both at a time provided the self occupied property & rented home should be at reasonable distance. Now reasonable distance means house should be situated in different municipal corporation or there should be at least 70KM distance between two.
CAclubindia
