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Rules guiding tax deduction for HRA and Home Loan
by on May 03, 2007 04:31 PM   Permalink

Hi Harsha,

At lot of places I have read that one can claim both HRA and Home Loan benefits. But these replies also mention a clause which says that both the houses should be in different cities. Often these examples include far away cities like Delhi-Mumbai etc.

My question here is what if someone has both the houses in NCR? I have house on loan in Greater Noida and I stay and work in Gurgaon. Can I claim benefits on both HRA and Home Loan? Which is the exact Clause of income tax which guides this? I need the caluse/act/rule to submit it to my company CA.

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Fxed home loan rate increased?