About hra & intt on deduction

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 December 2011 Sir Here I want to ask a question that one of our client is receiving HRA from his employer
& he was living in rented house but during the financial year He purchased a property to live in the same city in which he is employee
on loan now my question is can he is avilable
for excemption of HRA & Intt on Housing loan Simultaneously.

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22 December 2011 yes he can claim HRA since he is living in rented house.

He can also claim exemption for interest amount u/s 24B and principal amount u/s 80C.

Thanks

23 December 2011 Agree with Neha mam.


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