Yes, Individuals can claim both House Rent Allowance (HRA) and housing loan tax benefits simultaneously, provided they meet the eligibility criteria for each. HRA can be claimed if the taxpayer is a salaried individual residing in a rented accommodation, while housing loan tax benefits are applicable to individuals who have taken a home loan for a self-occupied or let-out property. However, specific conditions and limits apply to each benefit, and it's advisable to consult a tax professional for accurate guidance based on individual circumstances.
Can I claim both the HRA and the housing loan tax benefits at the same time?
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