House Property

This query is : Resolved 

03 March 2008 Lets say .. i have house in gurgaon, and i have my employement in gurgaon. But i live in a rented house in Delhi.

Can i claim HRA as well as Deduction of Interest for my house property ???

03 March 2008 SINCE YOU OWN THE HOUSE YOU CANNOT CLAIM HRA.

03 March 2008 The explanation to section 10(13A) clearly states that exemption is not available where an employee lives in his own house or in a house for which he does not pay any rent.


04 March 2008 Dear Rakesh

you can claim HRA and claim Interest on Housing loan if due to your employment you are unable to stay at your house and only your family stays there. But you have to prove the same incase the your IT return is picked up for scrutiny.



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