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Excerpt: Suppose, somebody is taking exemption on rent can he also be eligible on Housing Principal & Interest benefit? rajendra.panditrao@……………..comYes,interest is allowed even if you are getting exemption on HRA is allowed. The HRA exemption is allowed when you pay rent whereas the deduction u/ s 24 of the I T Act of Interest on borrowed fund for construction of house which is self occupied or for the reason that the owing to your employment , you could not occupy.or the house is put on rent. In all these cases , you are allowed to have…
