Hra &interest on housing loan
This query is : Resolved
Ramachandra Reddy
(Querist)
09 March 2018
One person who is working at Hyderabad is receiving HRA and in the same F.Y he purchased a flat at Hyderabad by taking loan but he not stayed in that flat and made repairs to that flat.He was paying rent to others.Now can he claim both benefits of HRA AND INTEREST ON HOUSING LOAN.
Please clarify me with reasons.
Please clarify me with reasons.
Nikhil Kaushik
(Expert)
09 March 2018
yes. you can claim both....
KAVIRAJA ADDANGADI
(Expert)
09 March 2018
Yes, HRA and interest in HL can be claimed, provided Rental income from the date of let out to be declared as income from HP
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