Dear CA clubindia members,
Can we take the exemption of HRA in below mentioned case?
An assessee has his owned house in Chennai which he had bought on housing loan. And he is taking the deduction of interest on housing loan under House property and deduction of principle under sec 80c.
But now due to employment term, he is in Delhi as his office in Gugaon and he is living in a rental accomodation.
So, my query is that, can he take the exemption of HRA with interest and principle as mentioned above.
Please note: Owned house is in Chennai & Rental accomodation is in Delhi.
As per my understanding, he can take the exemption of HRA.
Please confirm.
CAclubindia
