Do you have to forego HRA exemption to claim interest deduction on home loan?1 min read 23 Nov 2022, 12:05 PM IST
When a taxpayer owns a house property in respect of which he services a home loan but resides in a different city owing to work or any other justifiable reason, he may be entitled to claim benefits in Income Tax under the old tax regime
I am currently working with a company in Chennai and live in a rented house against which I claim a tax exemption from the House Rent Allowance (HRA) in my salary. I want to buy a house in my hometown in Telangana where my parents can live and I also intend to move back in a few years.
Select your Category