Deduction of hra

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2013 Dear All,
i am residing at rented house & paying rentof Rs.12000/-p.m. Also i availed a housing loan for purchase of flat. can i claim Both HRA & Housing loan interest for my salary TDS calculation.

CA.Vinita Gupta

CA.Vinita Gupta (Expert)
Follow

01 June 2013 You live in your own house
You have taken a home loan and residing in the house purchased with it. Since you are residing in your own house, you will not be able to claim HRA. However, you will be able to claim tax benefits on both the principal and interest repaid on the home loan.

CA.Vinita Gupta

CA.Vinita Gupta (Expert)
Follow

01 June 2013 In case the new house is under construction and not habitable you can claim both HRA and Housing Loan interest

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

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

CA Bijo scaria

rana andcompany

sathiyaram

Vinod Dharwarkar

svgovindaraju

Subscribe Now

Deduction of hra

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

Article Assistant

CA Final

GST CONSULTANCY

Accountant

GST CONSULTANT