HRA & Housing Loan

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 January 2011 If a person has borrowed funds for purchase of property and is taking the interest paid & repayment of principal amount as deduction while calculating tax under the head salary, then can he also take the advantage of HRA exemption u/s 10?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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14 January 2011 In staying own house both HRA & Housing interest cannot be claim, so HRA exemption not available

CA Sanat Pyne

CA Sanat Pyne (Expert)
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14 January 2011 AGREE WITH RAMESHJI.

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