Deduction of rent
This query is : Resolved
16 January 2017
Please let me know whether House rent deduction is allowable if I have claim house building loan as deduction, because neither I am not residing my own house nor it is let out.
Regards
Amit Nandy
Regards
Amit Nandy
16 January 2017
HRA deduction is available only if you do not have any other house. If you have any other house, its rented income must have been offered for taxation or else you can also claim (For the other house) loss due to vacancy.
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