Hra

This query is : Resolved

Report Abuse Follow Query Ask a Query

naveen

naveen (Querist)
Follow

28 May 2015 i am receiving HRA of rs 18000/-pm.whether can i claim interest u/s-24(b)?

CA Suhas Prabhu

CA Suhas Prabhu (Expert)
Follow

28 May 2015 If you want to claim the interest u/s 24(b), then you can not claim HRA deduction u/s 10(13A) but you can receive HRA.

naveen

naveen (Querist)
Follow

28 May 2015 Thank You Very Much Sir

Upgrade to CAclubindia Pro. Subscribe Now!

CA John Abraham Austin ACA

CA John Abraham Austin ACA (Expert)
Follow

28 May 2015 Excuse me, I don't agree with CA Suhas Prabhu here. Neither Sec 10(13A) or Sec does make an assessee ineligible to claim both the deductions. You may go ahead claiming both the deductions.

Please refer Sec 10(13A) and sec 24(1)(b).

http://www.incometaxindia.gov.in/pages/acts/income-tax-act.aspx

naveen

naveen (Querist)
Follow

28 May 2015 confused....................:(

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
Follow

28 May 2015 You can claim both deductions as long as you are not able to live in your house either because it is under construction or you are living in another city because of your job.