Tax on house property

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chintamani (Querist)
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04 January 2013 Hi,

My query relates to HP income

Suppose A is residing in the house owned by him and his mother can he claim the exemption of HRA If yes pls guide in reference to formality to be completed to claim HRA?

Second doubt is suppose he wants to buy one house in the name of him and his wife whether he can claim both benefits of HRA & interest on hsg loan

Pls explain in detail

Thanks

CA Anand

CA Anand (Expert)
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04 January 2013 If the assesse is paying the rent then only he can claim the benefits of HRA.

If the assesse has his own house or leaves with his family then he can't claim exemption.

The only exeption is that his place of employement is far from the place of residence.