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deduction for home loan with hra

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This query is : Resolved

Ankit Aggrawal (Querist)
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17 February 2010 a salaried person purchased a home for his parents on his own cost,and get that registered in his mothers name.he also took a home loan for that home and paying the instalments out of his own sources.
Q.1.whether he can claim deduction u/s 24 and 80C.
Fact : his parents have none source of income.

He also incurring rent for his own residence,in a city different from that purchased house.
Q.2. whether he can claim HRA deduction recieved from his employer with that home loan deduction (if yes).

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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17 February 2010 My.view claiming house property loss, assessee should be owner of of the house property

Q.2. A person can claim both housing interest and HRA if he is not staying his his own house due to employment reasons

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