Deduction of hra as well as housing loan
This query is : Resolved
09 March 2012
While calculating the taxable salary can
a person claim both the benefits of HRA as well as Housing Loan (Principal Repayment as well as interest there on).
If both the houses are in the same city, can a person still eligible to claim both the benefits ?
Pl advise.
a person claim both the benefits of HRA as well as Housing Loan (Principal Repayment as well as interest there on).
If both the houses are in the same city, can a person still eligible to claim both the benefits ?
Pl advise.
10 March 2012
In Same city..NO, but if he is working in A city and take the home loan for B city (Another city) than he can claim both.
Abhishek Ranjan Singh
ARS Solutions
+91 9022838615
email2ars@gmail.co
www.arssolutions.co.in
www.ars-solutions.web.com
Abhishek Ranjan Singh
ARS Solutions
+91 9022838615
email2ars@gmail.co
www.arssolutions.co.in
www.ars-solutions.web.com
Message likes :
1 times
10 March 2012
Under Income tax no specific inter link to claim both. if you are paying House rent which you occupied by you, then eligible for claiming HRA exemption and if you are occupying your own house for residential purpose then you can claim deduction u/s.24. but one person practically cannot occupy both the houses in the same city such as rented as well as own house. so can be claimed either one exemption under act.
In case you cannot occupy your own house due to employment in different city that time your are eligible for HRA and own house as self occupied
In case you cannot occupy your own house due to employment in different city that time your are eligible for HRA and own house as self occupied
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
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
