Set of allowable from salary income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 October 2014 My brother has purchased a flat in his wife name ,now my question is deduction under 80 C available and flat is self occupied by my brother and also he is residing in the same city and avail HRA then he can also claim HRA benefit and set off also.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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03 October 2014 if the house he is staying in is a rented house, then HRA benefit shall be available. In case he is paying rent to his wife, even then HRA benefit shall be available.

However, if he wants to claim 80C deduction against the same house in which he is paying rent to wife, then there will be an issue.

Querist : Anonymous

Querist : Anonymous (Querist)

03 October 2014 Nikhi ji
My brother wife is House wife and entire amount of Flat paid by my brother through loan and pay as EMI and interest on Housing laon then whether Loss on self houses occupied is set off available to my brother.

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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03 October 2014 he should be able to claim the loss as being beneficial owner of the house.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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06 October 2014 still this matter is debateable as u should be atleast one of the owner however as above stated ur beneficial owner u can take this stand in case of assessment if any in future