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Hra & interest on home loan

Tax queries 662 views 2 replies

Can a person claim HRA allowance as well as Interest on Housing loan if the owned propert is occupied by his parents?

Also both the rented house and the owned house is in the same city.

Replies (2)

Yes. IF he can convince that he residing in a rented premises.  (advise him to pay the rent through bank)

yes u can claim both H.R.A allowance and Repayment of housing loan under 80C.as bujjulu told it would better if u make payment through cheque and as u mention at last both property occupied by his parents and property for which he paid rent are in the same city.it is relevant just for showing Income from House property as NIL. because to show income from house property as NIL,u should not be in the same city where ur own house property is located even though u paid rent for another property.but in case of H.R.A,u just need to prove that u are not staying in ur own property and u are paying rent for where u r staying.


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