HRA and Housing loan deduction

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Can a individual claim both HRA and Housing loan deduction together? under what conditions ? Please help Regards P. Raja
Replies (13)

ya can claim , condition is that his location of job and location of home shud not be in same city

Yes i agree with Mr. Pramod Jain. You can claim both deduction but your location of job & location of home shuld be at different place.....i.e. say you are working in Gurgaon but your permanent address is at Mumbai....where you purchased/constrauct a flat by taking a loan from bank but  as ur office loaction at gurgaon so you take a home on rent at gurgaon ,,,then in that case you can claim both deduction ie. HRA As well as House Loan deduction............. Hope u have no doubts..........

Thank you, what supporting documents to be collected additionally Regards P. Raja

rent receipt for the rent payment and bank certificate for interest and pricipal paid for the particular fy.

Mr.Raja

Agree with Mr.CA Pramod Jain

Both HRA and Housing loan Interest and Principal deduction can be claimed.....

Agreed with above all and u hav to submit rent receipt for HRA and bank certificate for loan interest deduction
I THINK BOTH CAN BE CLAIM IF YOU ARE IN A SAME CITY. BUT THE ONLY CONDITION IS THE HOUSING LOAN MUST BE TAKEN FOR A DEEMED LET OUT OR A LET OUT PROPERTY.
I had read article in the newspaper where it was clearly mentioned that we can claim HRA & Housing loan even if our job & both the houses are in same location . We would need some expert opinion on this. I guess lot of people are confused in this regard .
agree with pramod ji............
agree with pramod ji............
ya u can claim HRA and Housing Loan if you are in same city provided you offer a rental income for the house property taken on loan and let out and you have occupied another house for rent
Originally posted by : ANKUR
I THINK BOTH CAN BE CLAIM IF YOU ARE IN A SAME CITY.
BUT THE ONLY CONDITION IS THE HOUSING LOAN MUST BE TAKEN FOR A DEEMED LET OUT OR A LET OUT PROPERTY.

Even i feel so.......

agree with pramod ji............


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