CA Day celebration 2024 Easy Office
LCI Learning

whether HRA and int. on loan for house both are deductible

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 August 2009 Hello,

I want to know that whether HRA and interest on loan for house is both deductible ?

He is staying at vadodara and rent is paid by him for house in vadodara.

He is paying interest on housing loan for house at mumbai.where he is currently not staying.

Please reply
thanks
Profile Image

CA.Nikhil Gupta

Profile Image

CA.Nikhil Gupta (Expert)
20 August 2009 Yes, he can claim both.

Mumbai house seems to be let out, so he can claim the interest amount as per actual paid.
Rent recd will be taxable in his hands.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links