Home Loan benefits & HRA
This query is : Resolved
06 October 2009
Can i have a home loan to buy a home in my native place at gujarat & at the same time enjoying the benefit of claiming HRA for staying on rent in Mumbai.
Since there is no such provision in the Income Tax Act denying the benefit of both the above things.
Advise me on the basis of practical experience you have
Since there is no such provision in the Income Tax Act denying the benefit of both the above things.
Advise me on the basis of practical experience you have
06 October 2009
yes you can avail the benefit of both interset and HRA as both places are in different city.
06 October 2009
Agree with experts. You can claim both at a time provided the self occupied property & rented home should be at reasonable distance. Now reasonable distance means house should be situated in different municipal corporation or there should be at least 70KM distance between two.
06 October 2009
Yes. Please check the following link which provides detailed discussion on the subject
http://www.apnaloan.com/home-loan-india/taxdeductionbenefitsforhlhra.html
http://www.apnaloan.com/home-loan-india/taxdeductionbenefitsforhlhra.html
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?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- 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
