whether HRA and int. on loan for house both are deductible
This query is : Resolved
20 August 2009
Hello,
I want to know that whether HRA and interest on loan for house is both deductible ?
He is staying at vadodara and rent is paid by him for house in vadodara.
He is paying interest on housing loan for house at mumbai.where he is currently not staying.
Please reply
thanks
I want to know that whether HRA and interest on loan for house is both deductible ?
He is staying at vadodara and rent is paid by him for house in vadodara.
He is paying interest on housing loan for house at mumbai.where he is currently not staying.
Please reply
thanks
20 August 2009
Yes, he can claim both.
Mumbai house seems to be let out, so he can claim the interest amount as per actual paid.
Rent recd will be taxable in his hands.
Mumbai house seems to be let out, so he can claim the interest amount as per actual paid.
Rent recd will be taxable in his hands.
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