HRA and Housing loan interest bot can claim?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2011 sir
he is working in govt bank.
he having salary 5.60 lakhs
he having house loan in hyderabad
he is working in our city.
he received salalry including hrs allowance.
but his own house is let out in last two year, because house is city outs cuts in city
he is paying rent in our city house.
but he can claim hra and housing loan interest and principal, it is correct?
he was not paid municipal tax.

he was paid housing loan emi.

CA Navin Jain

CA Navin Jain (Expert)
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15 July 2011 yes he can take the benefit of both

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Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2011 thank you sir

taxindiaconnect

taxindiaconnect (Expert)
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15 July 2011 Since he has given the house on rent the linit of Rs 1.5 Lac u/s 24 does not apply, means he can claim more interest by showing income from house property.

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