HRA & Housing loan interest
This query is : Resolved
26 August 2009
suppose one person is getting HRA and he is paying interest on housing loan. Place ( city )of his service and residence is same. He is actually paying rent and not staying in his own home due to distance or whatever reason.
My question is wheter HRA and interest on housing loan and principal both are deductibel in computation of salaried employee or not?
What if place ( city ) in which he is doing service and city of residence is not same?
Thanks
My question is wheter HRA and interest on housing loan and principal both are deductibel in computation of salaried employee or not?
What if place ( city ) in which he is doing service and city of residence is not same?
Thanks
Alok Maheshwari
(Expert)
26 August 2009
Yes, You can Avail both the deduction but yiu have to prove due to distance you have not stayed in youe own house.
I f he is staying in the same city where he has working then he will not be allowed any one deduction either he can claim HRA or Interest payment for Housing Loan
I f he is staying in the same city where he has working then he will not be allowed any one deduction either he can claim HRA or Interest payment for Housing Loan
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