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Benefit of both HRA & Self occupied house

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Querist : Anonymous

Querist : Anonymous (Querist)

27 January 2011 I have a house in Thane which i want to show as self occupied & another house (on rent) in mumbai in which i am living due to my job. can i take benefit of both HRA (in salary) & self occupied house (in house property).

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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28 January 2011 You may declare any house as self occupied.

But you will not HRA benefit since , you are having own house in the city where you are working.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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28 January 2011 For HRA - you have to incur expenditure towards payment of rent for the house. Since you reside in own house, you are not entitled to claim exemption for HRA.

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