Payment of house rent & home loan
This query is : Resolved
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 .....
09 March 2013
yes he can claim
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
because 10(13A) is allowed for his own rent
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
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
09 March 2013
Prashant is right.
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