Hra and home loan exemp

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SATYANARAYAN PATRO

SATYANARAYAN PATRO (Querist)
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26 February 2014 Can I hav both exemption in LOan and HRA if yes what conditions .pl help -thanx-patro

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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26 February 2014 Yes you can avail HRA exemption as well as deduction for housing loan.

For this you will have to show that you are staying on rent and you have let out your own house on rent.

You will have to show income under the head house property.

SATYANARAYAN PATRO

SATYANARAYAN PATRO (Querist)
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28 February 2014 Ok,Thanks , But my case already my family staying in own House. Which is very geninue

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CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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28 February 2014 Are the 2 houses in the same city or in different cities?

SATYANARAYAN PATRO

SATYANARAYAN PATRO (Querist)
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28 February 2014 It is in different Town which is 80 km from the City.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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01 March 2014 In that case you can claim both the deductions.

SATYANARAYAN PATRO

SATYANARAYAN PATRO (Querist)
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01 March 2014 Ok, Good,

In that case I think following documents required :

Rent Receipts and Pan Card copy of Owner is'nt Ok.

thank you very much.

SNP

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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01 March 2014 Yes rent receipts and PAN number of landlord is required. PAN is required only if the rent paid exceeds Rs. 1 lakhs per annum.

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