hra exemption & home loan deduction
This query is : Resolved
10 September 2009
1)can a person can claim hra deduction if was earlier claming home loan deduction .
s/to
staying in owned house against whom loan is taken and also he is claming the deduction.
No other house in the same city
House is on his own name.
He want his wife wil claim Hra deduction.
s/to
staying in owned house against whom loan is taken and also he is claming the deduction.
No other house in the same city
House is on his own name.
He want his wife wil claim Hra deduction.
10 September 2009
both HRA & House loan are mutually exclusive event, ie. you can not claim both benefits from a single house. for HRA claim you have to pay rent, your expenses will be some others income.
10 September 2009
Agree
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