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HRA and House property

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 January 2010 If a person has a house in New Delhi, but works in Bangalore and place of residence(rented accomodation) is also Bangalore, then can he claim deduction under HRA?

Also, if he can claim deduction under HRA, then can he claim interest deduction in income from house property for the self owned house in Delhi?
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CA.SHAHZAD SAYYED

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CA.SHAHZAD SAYYED (Expert)
06 January 2010 Dear
As per Sec 10(13A) deduction of HRA is calculated as HRA received by u or Actual Rent paid by u whichever is lower, so u can claim deduction
Yes Interest can be claimed u/s 24(b) as the rent income is charged under the head Income from HP
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
06 January 2010 you can claim interest if you show the house in Delhi as rented and showing rental income
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