Raman purchased a residential house property in Ahmedabad on loan for which he paid an interest of ₹50,000 during the previous year. He is working in Delhi and getting an HRA of ₹4,000 per month. He can claim exemption/d

CS Executive · Tax Laws and Practice · PYQS · June 2015
Raman purchased a residential house property in Ahmedabad on loan for which he paid an interest of ₹50,000 during the previous year. He is working in Delhi and getting an HRA of ₹4,000 per month. He can claim exemption/deduction for
(A) Only HRA
(B) Only interest paid
(C) Either interest paid or HRA but not both
(D) Both HRA and interest paid.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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