I just bought a old house, which is located 4KM away from the city on HOME LOAN. We are staying in an apartment for RENT with my kid( age of 5 years) only for his better schooling. The house which we bought is located 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 this situation , can I claim both HRA and HOME loan benefit(principal & Interest) for income tax ? How can i claim both (HRA and HOME loan) as we would stay in apartment for sometime ?
Jan. 05, 2018