Claiming deduction of hra and int pricipal in housing loan when owned property is in same city
This query is : Resolved
08 August 2014
sir, I have a property in my name which is let out and I'm paying housing loan on that property. and also I'm receiving HRA and I'm residing in same city on rented proprety can I get deduction for HRA and also Interest principal when both are in same city. ...??'
12 August 2014
yes you can claim HRA deduction.......
25 August 2014
Apart from claiming HRA dedcution, the best part is that we are eligible for full interest exempption on let out property which is very high in the initial period. Whereas for SOP the interest is limited to Rs 1.5 lakhs (now Rs 2 lakhs)
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- PAYMENT NOT SEND IN 180 DAYS
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
