one of our employee have his own house in Sangli city where his parents live & he stays in Pune at rental house. so can he claim for hra exemption u/s 10 as well for housing loan interest?
3 Replies
Lisha Bansal
(CA Finalist)
(2595 Points)
Replied 28 February 2019
Hi Rudrayani
The concerned employee can claim both hra and home loan interest deduction u/s 10 if he stays in a rented house in another city for work/ employment purposes. So, he is eligible for both deductions, u/s 10 and u/s 24B.
CA.Pankaj Rawat
(Chartered Accountant)
(1381 Points)
Replied 28 February 2019
if property and loan is in the name of employee than he can avail HRA EXEMPTION as well as housing loan interest.
Rudrayani Shedjale
(Assistant Accountant)
(751 Points)
Replied 28 February 2019
thank a lot for the information
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