Gaurav Jyoti Sandilya (Student) (140 Points)
05 February 2010
A Govt employee is taking rebate for House Building Loan (Prin & Interest both) which was taken for purchasing a Flat. The person is getting HRA from his employer as he is staying in a rented house at present.
In that case can he claim deduction for HRA U/S 10(13A) ?
Please clear my doubt ,mentioning appropriate section..
Thanks in Advance
Amir
(Learner)
(4016 Points)
Replied 05 February 2010
Dear Gaurav,
Both HRA Exemption & Benefit of Loan can be claimed together, simply beacuse these are two different benefits & Law has not prohibited that both of them cannot be claimed simuntaneously.
CA. ANKUR
(ASST. MANAGER ACCOUNTS)
(54 Points)
Replied 05 February 2010
Gaurav
Both the Both HRA Exemption & Benefit of Loan can be claimed together because of what AMIR is right.
C.Balaji
(Learner)
(1867 Points)
Replied 05 February 2010
Mr. Gaurav,
Both HRA Exemption & Benefit of Loan can be claimed together, since he is staying in a rented house....
I think we have discussed it already and many times....
CAclubindia
