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Can You Claim Both HRA And Home Loan For Tax Exemption?
Income tax exemption on both HRA, repayment of home loan can be claimed However, taxman could 'closely monitor' such a situation, says an expert Income Tax Department may disallow one of the claims, he adds
12 Oct 2016, 08:34 AM IST 
If you are living on rent and servicing a loan on another property, you can claim tax benefit for both.
Yes, you can claim income tax exemption on both house rent allowance (HRA) and repayment of home loan. If you are living in a house on rent and servicing home loan on another property - even if both the properties are located in the same city - you can claim tax benefit for both.
But "this situation could be closely monitored by the Income Tax Department particularly where the amounts are relatively higher and may also disallow one ...
