N KRISHNA CHAITANYA (CA Student) (101 Points)
31 December 2010An Assessee has two residential houses in his name in two cities but he was living in another city for job purpose in a rented house.
He was showing one property as self occupied and the other as Deemed Let out property in his income tax return.
My question is- Is he eligible to claim HRA exemption for the rent paid by him?
CA PARAS BAFNA
(Practising CA )
(33428 Points)
Replied 31 December 2010
If the assessee is having houses in Cities A and/or B and he is in employment in city C then he is eligible to get HRA benefits.
For claiming HRA the stipulated conditions he should have taken a house on rent. and should not be residing in his own house.
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