house property
This query is : Resolved
26 February 2009
Hai,i have a doubt in house propery please clarify if.
one person has a own house in his own city,taken loan for construction of that house and his parents are living in that house. nOw he trasffered to another town for his employment,he reside at a house for rent , and he got h.r.a.However his is eligible for claiming for both h.r.a exemption and interest on borowed loan ?.
one person has a own house in his own city,taken loan for construction of that house and his parents are living in that house. nOw he trasffered to another town for his employment,he reside at a house for rent , and he got h.r.a.However his is eligible for claiming for both h.r.a exemption and interest on borowed loan ?.
26 February 2009
Both interest on home loan and hra (for rent paid in a DIFFERENT town) benefit can be availed. For full details check the following link
http://www.apnaloan.com/home-loan-india/taxdeductionbenefitsforhlhra.html
http://www.apnaloan.com/home-loan-india/taxdeductionbenefitsforhlhra.html
26 February 2009
Interest and HRA exemption both can be claimed.
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