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Interest & HRA
by Surender Singh on Jan 10, 2007 03:54 PM   Permalink

HRA can be claimed only if rent is being paid and interest can be claimed if interest on housing loan is paid. If both are claimed then it means that the person is not residing in his house and residing else where. In such a case the rent from the house property shall also be shown. Even if the house is not let out then the deemed income (meaning that if the house was let out then the rent that would have been earned) from such property must be shown.

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Tax benefit on HRA & home loan?