23 March 2010
A man is working as a salary employee residing away from his home. he has a home loan and getting Home loan repayment and Interst deduction from his income.He is also giving Rent as living on rent in other place where he works.He is getting HRA for this from his Employer. So I want to ask can he avail the deduction of Home loan and its Interst together with HRA Deduction. Please give the answer
23 March 2010
yes if you received HRA bcs of you are staying in your office area and your residence place is far away from office and you can also tax deduction of loan principle & interest as well.
CAclubindia
