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Interest on Housing Loan & House Rent Allowance.

SURYAKANT MITHBAVKAR

I have Bank Loan against House Property which is in outside Mumbai. I stay in mumbai on rental basis.

Can i claim income tax exemption for Housing Loan Interest as well as House Rent Allowance.

Claim Both Housing Loan Interest and HRA Tax Exemptions: It's Possible, Confirms Chartered Accountant An individual inquired about the possibility of claiming income tax exemptions for both housing loan interest on a property outside Mumbai and house rent allowance while residing in Mumbai on a rental basis. A chartered accountant confirmed that it is possible to claim both exemptions. (AI Summary)
Income Tax
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