Home Loan benefits & HRA
This query is : Resolved
06 October 2009
Can i have a home loan to buy a home in my native place at gujarat & at the same time enjoying the benefit of claiming HRA for staying on rent in Mumbai.
Since there is no such provision in the Income Tax Act denying the benefit of both the above things.
Advise me on the basis of practical experience you have
Since there is no such provision in the Income Tax Act denying the benefit of both the above things.
Advise me on the basis of practical experience you have
06 October 2009
yes you can avail the benefit of both interset and HRA as both places are in different city.
06 October 2009
Agree with experts. You can claim both at a time provided the self occupied property & rented home should be at reasonable distance. Now reasonable distance means house should be situated in different municipal corporation or there should be at least 70KM distance between two.
06 October 2009
Yes. Please check the following link which provides detailed discussion on the subject
https://www.apnaloan.com/home-loan-india/taxdeductionbenefitsforhlhra.html
https://www.apnaloan.com/home-loan-india/taxdeductionbenefitsforhlhra.html
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Itr 1 processing
- ITR validation error - Balance sheet is not filled
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
