House property

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sohail (Querist)
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04 July 2014 My client has house property in bangalore and office is located 35 kms away form home, so he has rented a house near office. can he claim hra for that? he is having house loan on that and claiming interest and principal as deduction form his salary income. can you please guide me is it beneficial to keep that has vacant or to let out based on taxation perspective.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 July 2014 yes it is allowed in this caes.

sohail

sohail (Querist)
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04 July 2014 is there any case reference for this case.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 July 2014 u can check sec 10(13A) and sec 24 (B) both are independent.

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Rupesh Jain

Rupesh Jain (Expert)
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04 July 2014 you take HRA exemption and also take intt deduction u/s 24(b) and repayemtn loan u/s 80C.

sohail

sohail (Querist)
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05 July 2014 Can he take the benefit of keeping own house also as self occupied, because he has kept his parents in that house?. There is no income from owned house.