House Rent Allowance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2011
Dear Sir/Madam,
An employee works in company and he stays in the rented house. He also own a house on which he is paying home loan.
The house which he owns is around 70 kms away from the place where he works.
The question is can he claim both HRA and Housing loan deduction.
Is there any limit on Kilometers that the house on which loan is there should be x kms away from the house on which rent is paid.
Please guide
Thanks in advance
An employee works in company and he stays in the rented house. He also own a house on which he is paying home loan.
The house which he owns is around 70 kms away from the place where he works.
The question is can he claim both HRA and Housing loan deduction.
Is there any limit on Kilometers that the house on which loan is there should be x kms away from the house on which rent is paid.
Please guide
Thanks in advance
03 February 2011
He can claim both HRA and deduction u/s 24(b)& 80C of Income Tax Act.
Generally there is no limit but sometimes ITO disallow the HRa exemption if one lives and own house in the same city
Generally there is no limit but sometimes ITO disallow the HRa exemption if one lives and own house in the same city
Message likes :
1 times
03 February 2011
Agree with expert. You have to prove that you live in rented house.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- GST Registration Cancellation books of accounts asked by officer
- TDS deduction 194J instead of EPF
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
