Paying Rent and Housing loan on same city

amit (finance professional) (50 Points)

31 December 2008  

 

Hi all,

Please clear one more doubt that belongs to my brother in law.

He is paying housing loan interest as well as rent in the same city, mumbai. He has bough the flat which is nearly 35 kms from his work location, this forces him to live in rented house near his office.

In this situtaion, is it possible that he should get the benefits of both HRA and Housing loan interest.

Thank you.

Amit.