Ur Frnd asked:


Two years back i have bought a house and avail house loan but still i do not have shifted on that house due to some certain reasons and living on rent. Can we take the exemption of income tax on repayment of house loan emi and at the same time on rent paid. what should be the pre-conditions and if yes under which rule/section of the income tax act.

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thasenthil asked:


I took a home loan and showing the Interest paid for Income Tax exemptions. Now, I have rented the house which I took over loan and getting about Rs.5000. But I am still staying in a rented house paying approx Rs.10000. Can I submit House Rent payment slips to my employer so that I get tax exemptions for the rent which I am paying.

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