New Delhi, Aug. 20 -- If you are claiming both HRA exemption and home loan interest deduction, then it is not automatically invalid. However, taxpayers must ensure that the rent paid, property status, and home loan details are genuine and properly documented.

Siddharth Maurya, Managing Director, Vibhavangal Anukulkara, has explained the key tax rules and conditions taxpayers should know.

Yes. Maurya noted that "both can be claimed at the same time if the prescribed conditions are met".

He added that HRA under Section 10(13A) can be claimed for rent actually paid, while the interest deduction under Section 24(b) can be claimed for a home loan on a different or even the same property, provided the taxpayer is not actually living in the o...