......I bought a 9 years old house recently on HOME LOAN which is 4Kms away from where we staying in the same city now. We are staying in an apartment for RENT for my kid(5 years old) only because if we stay here , we felt that he will nurture his skills,explore himself and learn more from others, even while paying many kids there than what will teach to them. The same i'm seeing in him. The house which we bought is loacted at outskirts of the layout, and so much vacant space on backside , onside of the house, it seems its not safer to stay there. In such case , can i claim both HRA and HOME loan benefit(principal & Interest) for income tax if not, how can i claim both (HRA and HOME loan) as we would stay in apartment for sometime. Please suggest me on this. Appreciate for your valuable response/suggestion.
Jan. 04, 2018