Need A Financial Product Forums Tax Savings Can I claim HRA with two outstanding home loans

This topic contains 1 reply, has 2 voices, and was last updated by  Mukund Sane 2 years, 6 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #48236

    Mukund Sane
    Member

    I have an outstanding loan of Rs. 24 lakhs from HDFC Ltd. for a flat in Greater Noida. I am staying in a rented accommodation in Bangalore. I have taken another loan of Rs. 18 lakhs for a flat in Banglaore from ICICI Bank. The flat is under construction. Till I get possession of the flat, I will have to stay in rented accommodation. Now my question is that with two running home loans and ownership of one ready to move in house, can I claim HRA.

    #48237

    Nirav Patel
    Member

    Yes, you can claim HRA.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...

GET IN TOUCH WITH US

Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email : connect@simplypaisa.com