Hello Experts,
I have taken home loan from SBI.
Now, Can avail simultaneously HRA and Home loan deductions [ 24(b) and 80C deduction ] in every financial year.
are there any restrictions ?
I will apricate for any help in this regard.
Thanks,
prakash (B.Com) (132 Points)
14 September 2021Hello Experts,
I have taken home loan from SBI.
Now, Can avail simultaneously HRA and Home loan deductions [ 24(b) and 80C deduction ] in every financial year.
are there any restrictions ?
I will apricate for any help in this regard.
Thanks,
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 14 September 2021
Both cannot be availed simultaneously, unless your place of residence & employment are in different cities. (Or very far off....)
veerendar singh
(tax consultant)
(3301 Points)
Replied 14 September 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 15 September 2021
CA Puja Sharma
(Chartered Accountant)
(4874 Points)
Replied 15 September 2021
Yes, you can claim both the deductions provided you can suffice your claim that you are not using the property for your stay. You are under employment in another city.
Akhil
(Student CA )
(966 Points)
Replied 17 January 2023
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