Payment of house rent & home loan

This query is : Resolved

Partha Mondal (Querist)
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09 March 2013 Can anybody help me: if a person has purchased a residential flat in his own name and has started residing but at the same time paying rent for another rented house for his family,can he claims both the exemptions i.e. u/s 10(13) and HBL loan & interest u/s 80C & 24/1(b)respectively...if yes how long .....

CA Parul Saxena

CA Parul Saxena (Expert)
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09 March 2013 yes he can claim

CA Prashant Gupta

CA Prashant Gupta (Expert)
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09 March 2013 NO, if he is living in his own flat and paying rent for his family only, then he can't claim HRA
because 10(13A) is allowed for his own rent

CA Prashant Gupta

CA Prashant Gupta (Expert)
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09 March 2013 if he purchased the home in other city and he is living on rent then he can claim both
10(13A) and 80C with 24(b)
but you told that he is living in his own house and he is paying rent for family
so 10(13A) will not be allowed

CA. R. B. SAH

CA. R. B. SAH (Expert)
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09 March 2013 Prashant is right.

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