-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.
● My wife sold her flat this year in March for ₹1 crore and bought another flat worth ₹1.5 crore in May. As the sale and purchase fall in two financial years, how should she file her returns?
-Prakash Singh
This story is from the January 04, 2025 edition of Financial Express Mumbai.
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This story is from the January 04, 2025 edition of Financial Express Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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