Hi, I own a flat in Ranchi which is self occupied and live in rent in Gurgaon.I claim tax benefit on intrest paid and claim HRA.Now I am planning to buy one flat in Kolkata and put it on rent. Can someone clarify if i can still claim HRA and how would the income from rent and exemption treated?
Regards,
Rajanish
You can claim HRA exemptions and Housing loan interest benefits.
Rent from Kolkata property will be computed under the head INCOME FROM HOUSE PROPERTY
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