Deduction of hra and housing loan int.

This discussion clarifies whether you can claim both House Rent Allowance (HRA) and deductions for housing loan interest on your Income Tax Return (ITR). Generally, you can claim HRA if you live in a rented property. You can also claim deductions for housing loan interest. However, if you own a house in the same city where you live, you cannot claim HRA. For under-construction properties, HRA can be claimed, but loan interest deductions are only applicable after the house is completed.