P. Raja
Manager Finance & Accounts
[ Scorecard : 159]
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Posted On 28 January 2010 at 14:59
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Can a individual claim both HRA and Housing loan deduction together? under what conditions ?
Please help
Regards
P. Raja
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CA Pramod Jain
manager finance
[ Scorecard : 675]
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Posted On 28 January 2010 at 15:05
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ya can claim , condition is that his location of job and location of home shud not be in same city
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Sorabh Gupta
Manager ( Taxation )
[ Scorecard : 848]
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Posted On 28 January 2010 at 15:16
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Yes i agree with Mr. Pramod Jain. You can claim both deduction but your location of job & location of home shuld be at different place.....i.e. say you are working in Gurgaon but your permanent address is at Mumbai....where you purchased/constrauct a flat by taking a loan from bank but as ur office loaction at gurgaon so you take a home on rent at gurgaon ,,,then in that case you can claim both deduction ie. HRA As well as House Loan deduction............. Hope u have no doubts..........
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P. Raja
Manager Finance & Accounts
[ Scorecard : 159]
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Posted On 28 January 2010 at 15:18
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Thank you, what supporting documents to be collected additionally
Regards
P. Raja
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CA Pramod Jain
manager finance
[ Scorecard : 675]
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Posted On 28 January 2010 at 15:23
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rent receipt for the rent payment and bank certificate for interest and pricipal paid for the particular fy.
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C.Balaji
Student
[ Scorecard : 1234]
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Posted On 28 January 2010 at 15:55
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Mr.Raja
Agree with Mr.CA Pramod Jain
Both HRA and Housing loan Interest and Principal deduction can be claimed.....
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Shriti Daga
Chartered Accountant
[ Scorecard : 82]
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Posted On 28 January 2010 at 16:57
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Agreed with above all and u hav to submit rent receipt for HRA and bank certificate for loan interest deduction
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CA. ANKUR
ASST. MANAGER ACCOUNTS
[ Scorecard : 53]
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Posted On 29 January 2010 at 11:42
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I THINK BOTH CAN BE CLAIM IF YOU ARE IN A SAME CITY.
BUT THE ONLY CONDITION IS THE HOUSING LOAN MUST BE TAKEN FOR A DEEMED LET OUT OR A LET OUT PROPERTY.
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VISHAL
CA
[ Scorecard : 169]
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Posted On 29 January 2010 at 12:43
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I had read article in the newspaper where it was clearly mentioned that we can claim HRA & Housing loan even if our job & both the houses are in same location . We would need some expert opinion on this. I guess lot of people are confused in this regard .
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RADHIKA JALAN
agarwal
[ Scorecard : 317]
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Posted On 29 January 2010 at 13:23
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agree with pramod ji............
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