22 January 2013
If person having two house properties one in Thane & another in New Mumbai both are letting out and he himself stays in Rented house at Chembur, working in Fort then can he claim the hra & home loan both? Please reply with an example
22 January 2013
Yes. incase of employment requirement, a person cannot stay in own house and staying rented house in different city. he can claim HRA & one house as self occupied property
23 January 2013
Thanks Mr. Ramesh, i have some confusion that the employee pays emi for both house & shown rent received from one house and also claim HRA then how can i show the same in computation of income?
23 January 2013
you need to calculate the Income from House property for each house separately and gross it up and add in the total income. HRA will be computed under Salary income
CAclubindia
