Tax deduction on HRA and home loan in same place Mani Ratnam, 09 Mar 2013

I stay in a rented place in Bangalore and I also have a house in Bangalore itself for which I am paying EMIs. Can I allowed to get HRA tax deduction as well as home loan deduction? Please advice. Thanks in advance.

Fintotal Answer

Yes if you get HRA you can get HRA tax exemption and you can also get income tax deduction for your house you are paying EMIs for. Nothing is stopping you from claiming both tax rebates.

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