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Availing of HRA , principle and interest benefit on home loan
sir, Im a employee in a private limited company ,I'm staying in rented house and I'm getting HRA . Last year I have purchased a new house with supporting home loan and I'm getting rental income also on that. Now can I eligible for availing tax benefits of HRA , paid principal benefit under 80C and as well as paid interest benefit limit of 200000/- under 24g
Replies (2)
Yes you can claim, there's no bar in claiming hra and interest on borrowed capital
Yes you are egilible for both loan deduction and HRA but do not forget to show rental income from house property in your return.
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