I am working in pune as well as residing in my own house at pune, also i am paying rent for my parents who are residing in faridabad.
Can I claim HRA as well as housing loan, as i am paying both, the rent and the housing loan interest.
Please clear my doubt.
31st December 2008 From Hong Kong , Central District
Hra And Housing Loan Can Not Be Claimed As Deduction. You Can Claim Only One Which Is Benifecial To You.
15th January 2009 From India , Agra
In your case you claim only housing loan regarding your own house under section24 of income tax act1961 and you not claim deduction of HRA and you also not claim relate to rent for your parents
15th January 2009 From India , Hyderabad
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