Same city- hra and home loan tax benefit

Mandar VD (Service) (1 Points)

19 August 2018  

My parents own an apartment in mumbai where I am staying as tenant. All legals are done like lease agreement and monthly rental payment.(1)

I am planning to buy an apartment in same vicinity. But not willing to stay there, rather i will give that apartment on lease. (2)

Will be able to claim HRA tax benefit for (1) and home loan benefit for (2). I will pay tax applicable from additional income from (2) ?