80 c deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 January 2013
I HAVE PURCHASED A PROPERTY IN NOV 2012.IT IS LET OUT.CAN I CLAIM INTEREST ON HOUSING LOAN AND HRA BOTH?
01 January 2013
Yes sir, you can claim both.
.
For claiming HRA exemption you are supposed to pay rent. If you reside in your own house HRA will be taxable.
.
For claiming HRA exemption you are supposed to pay rent. If you reside in your own house HRA will be taxable.
Message likes :
1 times
02 January 2013
Sir you can go through Sec 10 (13A) which will solve your query.
Guest
Guest
(Expert)
02 January 2013
Yes, both deductions are allowed.
18 January 2013
If you purchased a house and let it out by borrowing the funds then the interest is allowed.
If you are not residing in the place where you have purchased the house then HRA is allowable provided you are paying the rent
If you are not residing in the place where you have purchased the house then HRA is allowable provided you are paying the rent
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Relief u/s Section 89
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Taxation on LTCG for property sold after 24JUL2024
- E way bill for tractors
- SALE BILL AGAINST GOODS RETURN
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
