Can hra allowed if assesse has two house properties
This query is : Resolved
NARESHBABU
(Querist)
10 February 2015
HI,
MR X IS CURRENTLY WORKING IN BANGALORE, HE HAS ONE HOUSE PROPERTY IN ANDHRA PRADESH AND THE SAME HAS BEEN SHOWN AS LET OUT PROPERTY.CURRENT YEAR HE IS PLANNING TO BUY ONE MORE HOUSE IN BANGALORE.
IF MR X GIVES HIS NEW PROPERTY(OWNED IN BANGALORE) ALSO FOR RENT AND HE WANTS TO STAY IN RENTED HOUSE, WHETHER HE CAN CLAIM HRA AND INCOME/LOSS FROM TWO HOUSE PROPERTIES.
MR X IS CURRENTLY WORKING IN BANGALORE, HE HAS ONE HOUSE PROPERTY IN ANDHRA PRADESH AND THE SAME HAS BEEN SHOWN AS LET OUT PROPERTY.CURRENT YEAR HE IS PLANNING TO BUY ONE MORE HOUSE IN BANGALORE.
IF MR X GIVES HIS NEW PROPERTY(OWNED IN BANGALORE) ALSO FOR RENT AND HE WANTS TO STAY IN RENTED HOUSE, WHETHER HE CAN CLAIM HRA AND INCOME/LOSS FROM TWO HOUSE PROPERTIES.
NARESHBABU
(Querist)
10 February 2015
GREAT THANKS FOR YOUR RESPONSE...CAN YOU PLEASE SHARE CASE. STUDY OR SECTION IF ANY WHERE IT SAYS EXACTLY ABOUT THIS.
MANY THANKS IN ADVANCE
MANY THANKS IN ADVANCE
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