Clarification on the Housing loan deduction and HRA

This query is : Resolved

Sanjay Gupta (Querist)
Follow

11 April 2021 Dear Sir, the followings are facts and queries :

Facts :
1. I am a salaried person and living on the rent at Mumbai and HRA is part of my salary break-up;
2. I have a 1 let-out property at Rajasthan and paying a housing loan interest of 2L yearly;
3. Recently I have purchased a flat at Thane and paying a housing loan interest of 4.5L yearly; where my family is living there.

Queries:
1. Am I eligible to claim the HRA by considering the Mumbai and Thane different City?
2. Can I claim the Housing loan interest (2L - let out) Plus/and Max 2L for a new thane flat by this self-occupied as my parents are living there and considering as Mumbai a different city?
3. is there any way to claim the entire 4.5L+2L housing loan interest?

Thank you!!
Sanjay

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

12 April 2021 1 yes, you are eligible.
2 yes.
3 No way 2 lacs is the limit for self occupied property.

Message likes : 1 times

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

Nithish Kothari

ANUPAMA L KANT

Fahima Malik

velichety.l.narasimharao

T.N.Reddy

Subscribe Now

Clarification on the Housing loan deduction and HRA

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