One is entitled to claiming HRA and housing loan rebate on both principle and interest component of the housing loan; if a person is staying at a different city as compared to the city where the individual is having his own house which he has bought with housing loan.
Second scenario where rebate is available on principle and interest component and one can claim HRA is when an indiviudal has house in same city, but is residing in different house due to some genuine reason like house being far from office, than one claims rebate for income tax purposes.
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1 Dec 2010
Can HRA and Housing Loan Rebate go Hand in Hand?
Can HRA and Housing Loan Rebate go Hand in Hand?
2010-12-01T15:38:00+05:30
Analyst
housing loan rebate|HRA|
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