Same city- hra and home loan tax benefit

Tax queries 119 views 1 replies

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) ?

Replies (1)

For rented apartment, declaring income from HP, you will be able to claim HRA also.


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