Claiming deduction of hra and int pricipal in housing loan when owned property is in same city

This query is : Resolved

niteshporwal (Querist)
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08 August 2014 sir, I have a property in my name which is let out and I'm paying housing loan on that property. and also I'm receiving HRA and I'm residing in same city on rented proprety can I get deduction for HRA and also Interest principal when both are in same city. ...??'

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 August 2014 yes you can claim HRA deduction.......

Ashwin Sharma

Ashwin Sharma (Expert)
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25 August 2014 Apart from claiming HRA dedcution, the best part is that we are eligible for full interest exempption on let out property which is very high in the initial period. Whereas for SOP the interest is limited to Rs 1.5 lakhs (now Rs 2 lakhs)