Rudrayani Shedjale (Assistant Accountant) (751 Points)
26 July 2018if we take exemption of hosing loan interest, can we claim HRA exemption under Section 10 & 17?
means we have taken home loan where we don' live but we live in a rented flat.
so home loan interst & rent paid for current flat can be claimed at the same time?
Dip Narayan
(Deputy Manager)
(772 Points)
Replied 26 July 2018
Do you earn from the flat for which you have taken loan ? If yes, then you have to show the income from house property (i.e the rent which you are earing from the rent) showing the House Property as Let Out and claim HRA exemption.
Otherwise you cannot claim the HRA exemption as you have to show the house property as "Self occupied".
The above view has been explained asuming that you are filing ITR -1
Rudrayani Shedjale
(Assistant Accountant)
(751 Points)
Replied 26 July 2018
no the house is not rented out. it is in different city where Assessee's parents stay. & Asessee stays in a rented flat. he pays the home loan interset as well rent for current flat
Dip Narayan
(Deputy Manager)
(772 Points)
Replied 26 July 2018
As per my opinion you will not get HRA exemtion.
Gagan Sharma
(3 Points)
Replied 08 August 2018
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