POSTED BY September 4, 2012 9:38 am ONE COMMENTON
I have two flats one in Jaipur and another in Bangalore. I have given both on rent and I am currently staying in a rental accomodation in Bangalore. I am paying home loan installment for both of them. I want to know if I can claim HRA and income tax benifits on both the properties? Which one should I consider as the first property as I am not staying in both of them. For Bangalore property Home loan interest is 3.0 lacs PA, rent is 2 lacs PA and for Jaipur flat it is 1.4 lacs PA, rent is 54000 PA.
I am declairing both the rents received from the above properties.
Thanks and regards, Vikash