I know that I can show the rent paid to my parent and claim HRA which is owned by my parents where I am currently live in.
My doubt is, if I am showing the same property for home loan where I am a co-applicant, will I be eligible to claim HRA and home loan. Please advise
Both the benefits cannot be availed together. Select the one that is more beneficial to you.
| Originally posted by : SUSHANT BIDAYE | ||
 |
But if he is the co owner of the house, he can't claim deduction u/s 10 (13 A) for rent payment. |  |
Yes, you are right. Owner of the house cannot claim exemption u/s 10(13A). Only option is to claim deduction of interest on home loan.
Hi Sourav, So you mean to say that I can claim HRA and Interest but not the principal amount in 80C . Please clarify. Thanks!
Gowra Ventures Pvt Ltd
Hyderabad
CA
View Details
SKAA & Associates
New Delhi
CA Inter
View Details
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
CAclubindia
