Income tax benifit : rent & home loan interest

Pankaj (It) (21 Points)

13 July 2018  

Dear Experts,

I need your expect opinion.

Currently my home/building is under redevelopment by devloper and we are staying in rented apartment.

We are getting 10,000 Rs as Rent from developer and i am adding 8000 Rs more to it and paying 18,000 Rs Rent to landloard.

However , i am having home loan for which i am paying 25000 Rs EMI for same house.

Query:

1. Can i claim HRA as not staying in my own house? If Yes then what should be amount?

2. Can i also claim for Interest benift on home loan?

Moral of the story? Can i get income tax benifit for under both items?