Hra
This query is : Resolved
12 August 2011
My friend has working in a software co. bangalore, upto last year december he has resided in rented property and after that he bought a house shifted from january onwards.
Recently he got notice from the department saying that YOU CANT CLAIM LIKE THAT..is my friend is correct or the department..if my friend is correct what are the relevent case laws for going for appeal?
As i ve got the response stating that i can claim both if and only if the property should given for rent, but he is residing in the property cant he claim both if has not gave it for rent?
I got two responses but there is DEVIATION between the two.
please give some case laws, as i wanted to go for the appeal.
Please revert back with relevent case laws.
Thanks in advance
Recently he got notice from the department saying that YOU CANT CLAIM LIKE THAT..is my friend is correct or the department..if my friend is correct what are the relevent case laws for going for appeal?
As i ve got the response stating that i can claim both if and only if the property should given for rent, but he is residing in the property cant he claim both if has not gave it for rent?
I got two responses but there is DEVIATION between the two.
please give some case laws, as i wanted to go for the appeal.
Please revert back with relevent case laws.
Thanks in advance
12 August 2011
He can claim HRA Exemption upto Dec 2010 as per sec 10(13A) Rule 2A and there after interest u/s 24 b.
12 August 2011
if the subject property carry " income from house property" i.e rented, then you can avail both simaltenously, otherwise any one at one time.
12 August 2011
i have modified the question please look into it and revert thanks
12 August 2011
i have modified the query, please look into it and rvert..thanks
12 August 2011
You can claim both only when you let out the property and stay in a rented house.
If you stay in your own house you can claim only Interest benefit and not HRA Exemption.
If you stay in your own house you can claim only Interest benefit and not HRA Exemption.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- 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
- TDS on purchase of value vouchers for employees ?
- 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 ?
Trending Online Classes
CAclubindia
