Rent/home loan deduction
This query is : Resolved
08 September 2012
IN MY COMPANY BOTH HUSBAND AND WIFE WORK
HUSBAND HAS TAKEN HOME LOAN FOR HOME IN CITY WHERE THEY ARE DOING JOB AND WANTS TO CLAIM HOME LOAN DEDUCTION
WIFE HAS A HOME IN THE CITY WHERE THEY ARE DOING JOB WHICH IS GIVEN ON RENT @ 5000/P.M. INCOME OF 60000
WIFE IS ALSO PAYING RENT OF 96000 FOR THEIR OWN ACCOMODATION .
NOW CAN I GIVE
HUSBAND :- HOME LOAN DEDUCTION
WIFE : INCOME OF 60000
HRA DEDUCTION FOR RENT PAYMENT OF 96000
AM I CORRECT
PLEASE COFIRM
HUSBAND HAS TAKEN HOME LOAN FOR HOME IN CITY WHERE THEY ARE DOING JOB AND WANTS TO CLAIM HOME LOAN DEDUCTION
WIFE HAS A HOME IN THE CITY WHERE THEY ARE DOING JOB WHICH IS GIVEN ON RENT @ 5000/P.M. INCOME OF 60000
WIFE IS ALSO PAYING RENT OF 96000 FOR THEIR OWN ACCOMODATION .
NOW CAN I GIVE
HUSBAND :- HOME LOAN DEDUCTION
WIFE : INCOME OF 60000
HRA DEDUCTION FOR RENT PAYMENT OF 96000
AM I CORRECT
PLEASE COFIRM
08 September 2012
As per you House is self acquired by the husband and the wife also living in that house then how she will pay rent. I couldn't understand please give clarification.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
08 September 2012
U r correct. Husband and wife are different assessee as per income tax. Wife can claim deduction for HRA if she actually pays rent. She can show the house property income also. And i need one clarification whether the house in which they live belongs to husband????
08 September 2012
When she lives with his husband and his owned house she need not to pay rent then how did we consider as rent paid.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
08 September 2012
Sir
They have one house in the name of wife in the city where they are doing job which is given on rent for yearly income of 60000
they themselves are staying in rented accomodation rent is 96000 per annum. rent is being paid by wife.
i hope now the matter is clear
They have one house in the name of wife in the city where they are doing job which is given on rent for yearly income of 60000
they themselves are staying in rented accomodation rent is 96000 per annum. rent is being paid by wife.
i hope now the matter is clear
08 September 2012
So now i think husband has another house in his name and taken loan on it and no body are living in such house. Wife has another house and no loan on it and such house is given for rent. Both husband and wife together living in another rented house.
Then in such case wife can claim HRA exemption as well as offer to Income from house property.
OM SAI SRI SAI JAI JAI SAI
Then in such case wife can claim HRA exemption as well as offer to Income from house property.
OM SAI SRI SAI JAI JAI SAI
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