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,
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,
Both cannot be availed simultaneously, unless your place of residence & employment are in different cities. (Or very far off....)
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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
