HRA Benefit - Interest deduction, Income Tax

[HARSHA JOSHI]

I intend to stay in a flat that I jointly own with my mother. My parents stay in a house owned by my father in Ahmedabad. I have taken a Rs 20-lakh Vaibhav Sankla, Executive Director, Adroit loan from my father to purchase the flat. If I pay rent (50% of market rent) to my mother, can I claim tax benefit on HRA? Can I also claim interest deduction till Rs 1.5 lakh?

Posts / Replies

[CA UMA KOTHARI]

Pl. send your complete details of nature of loan