house loan & HRA
This query is : Resolved
12 July 2007
R/s
if an employee get hra
and simtnly take houseing loan; his spouse & childrens r stayng at house which he take on houseing loan but he himself stay on rented house in other city.
then is he able to exemption for both hra & houseing loan or only for one out of these two & on wht basices
2. if only his dependent parents stay in house than wht is tax benifits
if an employee get hra
and simtnly take houseing loan; his spouse & childrens r stayng at house which he take on houseing loan but he himself stay on rented house in other city.
then is he able to exemption for both hra & houseing loan or only for one out of these two & on wht basices
2. if only his dependent parents stay in house than wht is tax benifits
12 July 2007
He can avail both only in a case where due to his emplyment (for which he is claiming HRA) he could not occupy the house (bought out of loan). He has to convince the employer about the same.
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