Answers
Can HRA be claimed along with interest on home loan?
Answer by: VISHAL BANSAL
Regarding claim of House Rent Allowance along with Deduction of Interest on Home Loan:
- An Assessee can claim House Rent Allowance in respect of rent paid for residential accommodation occupied by him if HRA received is a part of salary. It can be exempted under section 10 (13A).
- He can also claim deduction for Interest taken on Home Loan, if he is not residing in his purchased property. This claim comes under section 24 (b) of Income from House Property.
- Even he can claim deduction under section 80C for repayment of home loan.
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