Please let me know TAX saving tips,like what/where is the best to invest.
Also ,is it possible to claim both HRA and house loan if living in the same house?
1 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 23 January 2016
- It is not possible to claim exemption of HRA as well as deduction of interest on housing loan for a self occupied property. If self occupied own house, then interest can be claimed as deduction and if house is occupied as a rental property, then HRA exemption can be claimed.
- You can invest in various options available u/s 80C, 80CCD (NPS), 80D (mediclaim insurance) etc. You may google for more info.
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