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HRA vs Interest on home Loan

Tax queries 1872 views 7 replies

I am living in Hyderabad on rent from last 6 months. Recently I have bought a house in delhi on loan for self acquisition purpose. Can i take the benefits of both the HRA and Interest on Home Loan.

Replies (7)
yes u can

yes no doubt in that

No one can take exemption/deduction on HRA and interest on HL simultaneously. If he receives HRA ,when he is living in self occupaid house, is fully taxable and can not claim exemtion u/s 10(13A). But for first 6 months he can claim HRA exemtion.

yes u can

 

u can claim both the benefits simultaneously.

Yes You can .

since location is different cities so can get the benifit of both


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