Yes, you can claim both of these even if the house you are living in and the rented one is in the same city. But the income tax department always monitors these kinds of situations and may disallow one if a suitable explanation is not given.
. If a person buys a house under construction, then he is eligible for deduction. Once the house gets fully constructed he can claim for tax exemption on the interest paid till date.
. In case, if a person couldn’t stay in a house due to certain reasons like far from workplace etc he can still apply for tax exemption but the distance between own house and workplace should be at least 35 kms.
. This scheme is available only to a salaried person who receives HRA from his employer.
Palava city is on a mission to create a sustainable environment for all your housing needs, already HDFC has opened its office in the first commercial complex of Palava city. It is already gearing up for its second business district. Also a 120 acre of logistics and manufacturing hub is also being developed. This will create at least 1 lac job opportunities, with walk to work option this is the best time to buy a house at Palava city. Why wait call us today, as we at Bright real estate consultants are oldest channel partners of palava and deal in rental 1 BHK in Palava city, rental 2 BHK in Palava city and 3 BHK in Palava city. We are also well known agents in in Koparkhairane Navi Mumbai.
Call us at: +91-08079444418, +91-9819449308
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