Clarification on hra exemption

Harish (Service) (28 Points)

02 February 2015  

An individual had been claiming interest benefit for the Housing Loan availed by him jointly with his wife till FY 2013-2014. 

 

The housing loan has now been closed.  Now the said individual is claiming HRA exemption on the same property from the FY 2014-15 stating he is paying rent to his wife.

 

Please clarify if the same is in order