Deduction for HRA

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DEEPAK GOYAL

DEEPAK GOYAL (Querist)
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30 October 2007 Can I take HRA & Housing Loan Interest Exemption both.

S.RAVICHANDRAN

S.RAVICHANDRAN (Expert)
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30 October 2007 The basic eligibility for HRA deduction is that the assessee should have paid rent actually not less than 10 % of his Salary.

In the case of your question,it is silent that whether the assessee has rented out his building or self occupied.

In case of self occupied property, then HRA cannot be claimed under section 10(13 A).

In case of rental property, then the assessee should have paid actual rental in which case HRA is allowable.

DEEPAK GOYAL

DEEPAK GOYAL (Querist)
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31 October 2007 Sir actualy i am in service in delhi but i purchase a home in mumbai so what will be effect.

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