06 February 2013
Dear Sir, I have taken a home loan & i am paying a interest on home loan. so my question is that Can i claim a HRA exemption as well as interest on home loan.
06 February 2013
If you are paying rent in respect of the accommodation occupied by you around your place of employment and the same is not owned by, you can claim HRA. . The benefit of interest and principal are available -whether you receive HRA or not. . For claim of HRA rent payment is must. If you reside in the own house- HRA will be taxable. . You can claim the house as self occupied- and take its taxable value as Zero- if it is at other place and kept vacant . .
CAclubindia
