House rent allowance exemption

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies whether you can claim House Rent Allowance (HRA) exemption if you're already benefiting from deductions on your home loan interest and principal under Sections 24 and 80C. Generally, if you own a self-occupied property in the same city where you're paying rent, you cannot claim HRA. Further details and specific scenarios are available via the provided link.

SUBHASH MISHRA

SUBHASH MISHRA (Querist)
Follow

05 December 2020 A person paying housing loan interest and principal amount and enjoying deduction u/s 24 and 80C. Whether he is eligible to get relief in HRA u/s 10(13A) ?

With regards

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

05 December 2020 if you have both these houses in the same city and the owned house is self occupied, then no HRA deduction should be availed.

please refer https://cleartax.in/s/claim-hra-deduction-home-loan-interest for a detailed discussion

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow