Case where both housing loan benefit and hra can be claimed

This query is : Resolved

RAHUL YADAV (Querist)
Follow

25 February 2013 Hi

The new home purchased in Delhi ( Rohini ) is on rent and earning 5500 pm . However I am living with my family on rent in the same city ( Vikas Puri ) which is nearer to my office. Please note as per the salary slip I am receiving HRA.

Am I eligible to claim both Housing Loan benefit as well as HRA ? My taxation deptt says that if both properties are in the same city , then both benefit i snot applicable . Kindly clarify citing CBDT circular references .

Thanks

Rahul Yadav
9868240662

CA Suraj Lakhotia

CA Suraj Lakhotia (Expert)
Follow

25 February 2013 It is necessary for granting the exemption under section 10(13A) that the employee should have actually incurred the expenditure on rent.

As long as you are paying rent and offering rent as income from house property,

You can take benefit of home loan and HRA exemption.

RAHUL YADAV

RAHUL YADAV (Querist)
Follow

25 February 2013 Thanks Suraj .

What about the same city clause? My taxation cell is denying the exemption .
Is there any documentary evidence to support the applicability of both .
Pls relp.......rahul

CA Suraj Lakhotia

CA Suraj Lakhotia (Expert)
Follow

25 February 2013 Here is one detailed article on this..will share circular if i get one.

https://www.moneycontrol.com/news/tax/to-claim-or-not-to-claim-the-hrahome-loan-dilemma_665932.html

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

madhu sudan

Jaya Ladhwani

Rampal Saini

Vidit Ratanghayra

K.S. ANANTHARAJAN

Subscribe Now

Case where both housing loan benefit and hra can be claimed

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA