Clarification on the Housing loan deduction and HRA
This query is : Resolved
11 April 2021
Dear Sir, the followings are facts and queries :
Facts :
1. I am a salaried person and living on the rent at Mumbai and HRA is part of my salary break-up;
2. I have a 1 let-out property at Rajasthan and paying a housing loan interest of 2L yearly;
3. Recently I have purchased a flat at Thane and paying a housing loan interest of 4.5L yearly; where my family is living there.
Queries:
1. Am I eligible to claim the HRA by considering the Mumbai and Thane different City?
2. Can I claim the Housing loan interest (2L - let out) Plus/and Max 2L for a new thane flat by this self-occupied as my parents are living there and considering as Mumbai a different city?
3. is there any way to claim the entire 4.5L+2L housing loan interest?
Thank you!!
Sanjay
Facts :
1. I am a salaried person and living on the rent at Mumbai and HRA is part of my salary break-up;
2. I have a 1 let-out property at Rajasthan and paying a housing loan interest of 2L yearly;
3. Recently I have purchased a flat at Thane and paying a housing loan interest of 4.5L yearly; where my family is living there.
Queries:
1. Am I eligible to claim the HRA by considering the Mumbai and Thane different City?
2. Can I claim the Housing loan interest (2L - let out) Plus/and Max 2L for a new thane flat by this self-occupied as my parents are living there and considering as Mumbai a different city?
3. is there any way to claim the entire 4.5L+2L housing loan interest?
Thank you!!
Sanjay
12 April 2021
1 yes, you are eligible.
2 yes.
3 No way 2 lacs is the limit for self occupied property.
2 yes.
3 No way 2 lacs is the limit for self occupied property.
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