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Hra exemption and interest on home loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 July 2014 Dear Sir/ Madam,

I have query. I am availing tax exemption of Interest and principle of my home on property situated at Virar. I am not staying there. It is vacant. I am staying in Mumbai on rent.
Can I take benefit of HRA exemption as well as my home loan interest principle benefit?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
04 July 2014 Both cannot claim in same time. if you can show the own house as deemed letout and show the notional rent, then you can claim the housing interest.

How ever you are eligible for claim HRA for your rented house
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Rupesh Jain

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Rupesh Jain (Expert)
05 July 2014 YOU CAN TAKE both for HRA for Mumbai.

and intt. on housing loan u/s 24(b) and principle repayment u/s 80c
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
05 July 2014 both can be taken at 1 time as there is no restriction for the same.

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