Posts Tagged ‘benefits’

Home loan HRA and your Taxes!

Home loan HRA and your Taxes!

Suresh, currently employed with MNC¬†Company in Mumbai, is staying in a rented apartment in Mumbai and has bought himself a property in Ahemedabad for which he has taken a home loan. Now he is in confusion while filing tax returns – “Can I claim both HRA and home loan benefits?” This seems to be a dilemma for most tax payers. When Suresh¬†pays rent, under the Income tax act, he is definitely allowed to claim both HRA and home loan benefits […]