amit (finance professional) (50 Points)
31 December 2008Hi,
I am working in pune as well as residing in my own house at pune, also i am paying rent for my parents who are residing in bhopal.
Can I claim HRA as well as housing loan, as i am paying both, the rent and the housing loan interest.
Please clear my doubt.
Thanks
Amit
Dhaval Suthar
(Account Assistant)
(26 Points)
Replied 31 December 2008
Mr. Amit,
You can claim only your own house loan interest as self occufied proparty interest and pricipal as 80C deduction.
You cannot claim rent which you are paying for parents in bhopal.
Regards.
CA CHINTAN AJMERA
(Chartered Accountant)
(2987 Points)
Replied 31 December 2008
You can claim only your own house loan interest and pricipal as 80C deduction. can't claim HRA
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 31 December 2008
HRA exemption is allowed on the amount paid by the assessee and at the same time that house should be occupied by the assessee......so u cannt get exemption under Section 10(13A)
amit
(finance professional)
(50 Points)
Replied 31 December 2008
Many thanks to all of you.
My doubt is clear now.
Thanks again.
Amit.
amit
(finance professional)
(50 Points)
Replied 31 December 2008
Hi all,
Please clear one more doubt that belongs to my brother in law.
He is paying housing loan interest as well as rent in the same city, mumbai. He has bough the flat which is nearly 35 kms from his work location, this forces him to live in rented house near his office.
In this situtaion, is it possible to get the benefits of both HRA and Housing loan interest.
Thank you.
Amit.
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 31 December 2008
Yeah in this case he can take HRA and House Rent claim......as he had occupied a rented house for his work
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 31 December 2008
and can take housing loan benefits as well
Rakesh
(Service)
(35 Points)
Replied 15 January 2009
you claim Housing loan benifit but it flat must generate rental income
CAclubindia
