● I stay on rent and have purchased a flat in my home town. Can I claim both HRA and tax deduction on the interest paid for the home loan? ―Saurabh Kumar Yes, you can claim both House Rent Allowance (HRA) exemption and tax deduction on home loan interest, provided the flat you purchased is not in the city where you are currently residing and working, and you are currently residing in a rented house in the city of your work.
This story is from the January 04, 2025 edition of Financial Express Kochi.
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This story is from the January 04, 2025 edition of Financial Express Kochi.
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