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deduction of home loan

(Querist) 03 February 2011 This query is : Resolved 
I HAVE BUY HOUSE PROPERTY BY TAKING LOAN AND PAYING INTREST ON IT. I HAVE GIVEN IT TO MY PERENTS AND DUE TO SOME REASON I RESIDES ON RENTED PROPERTY IN SAME CITY.MY OFFICE IS IN ANOTHER CITY AND I M CLAMIMNG HRA FOR THIS.
NOW MY QUESTION IS WHETHER CAN I HAVE DEDUCTION OF INTREST OF LOAN OF RS 150000 AS WELL AS HRA.
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soumitra basu (Expert) 15 April 2011
Yes. You can claim both the deduction.

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