Please explain me about the HRA exemption in the following circumstances:
In financial year 2009-10 Mr.A has paid rent to landlord and so he is eligible for HRA benifit, as well in the very financial year he took a home laon and in next 6 months he paid more than 1,50,000 interest for that loan in the same citi where he works or his bulding is in other than where he works he paid Rs more than 150000 for Interest in the financial year from April onwards.
I have to know that may he claiam exemption for full amount of his interest in this financial year along with HRA exemption, in both the conditions?
CAclubindia
