HRA and House property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 January 2010
If a person has a house in New Delhi, but works in Bangalore and place of residence(rented accomodation) is also Bangalore, then can he claim deduction under HRA?
Also, if he can claim deduction under HRA, then can he claim interest deduction in income from house property for the self owned house in Delhi?
Also, if he can claim deduction under HRA, then can he claim interest deduction in income from house property for the self owned house in Delhi?
06 January 2010
Dear
As per Sec 10(13A) deduction of HRA is calculated as HRA received by u or Actual Rent paid by u whichever is lower, so u can claim deduction
Yes Interest can be claimed u/s 24(b) as the rent income is charged under the head Income from HP
As per Sec 10(13A) deduction of HRA is calculated as HRA received by u or Actual Rent paid by u whichever is lower, so u can claim deduction
Yes Interest can be claimed u/s 24(b) as the rent income is charged under the head Income from HP
06 January 2010
you can claim interest if you show the house in Delhi as rented and showing rental income
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