Experience The NoBrokerHood Difference!

Set up a demo for the entire community

Thank You For Submitting The Form
Q.

Can I claim HRA and home loan both?

view 7126 Views

1 Answers

3 Year

Comment

whatsapp [#222222128] Created with Sketch. Send
0 2021-04-30T19:24:36+00:00
Claiming tax benefits can be complicated. But it is important to understand how to claim tax benefits and what are the conditions. A common question that arises amidst all of this is ‘Can we claim HRA and Home Loan both?’ The answer is YES! Conditions under which you can claim HRA and Home Loan There are certain conditions under which we can claim HRA and home loan interest both. Here are the conditions:
  1. When your owned property is in a different state and you reside in another state in a rental accommodation
  2. When your property is under construction and you have shifted to a rented accommodation for a certain period of time.
  3. If you own a house but are unable to move into it despite being in the same state. This happens when the employee lives far away from the workplace and decides to rent an accommodation close to the workplace.
  4. When you rent your own house and live in a rented accommodation yourself. This could also be a case when your self owned property is unable to accommodate you.
If you claim tax exemption for HRA and Home Loan otherwise, you will be scrutinized by the Income Tax Authorities. I hope now you get an idea for your question ‘can we claim HRA and home loan both?’ Calculate your EMI on home loan through this, [widget_emi_calci] I hope this helps:)
Flat 25% off on Home Painting
Top Quality Paints | Best Prices | Experienced Partners