Hra

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GIRISH SUDHAKAR PARWATKAR

GIRISH SUDHAKAR PARWATKAR (Querist)
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27 July 2013 CAN WE CLAIM BOTH HRA AND HOUSING LOAN INTEREST ONE AND THE SAME TIME ?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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27 July 2013 Yes, but not in respect of the same house.
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For claiming HRA exemption, against the HRA being received, you must have paid rent for the house taken on rent in connection with the employment.
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In case of vacant owned house or from which no rent is being received by you you can claim Interest. If you show rantal income from your own house, you can claim full interest amount as deduction.

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