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
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Tax rate change regarding
- Non filing of I T Returns
- SALARY CAN BE CAPITALIZE
- Change Of Karta In Case of Death
- Salary from Qatar in Dollars in India
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
