House property
This query is : Open
04 July 2014
My client has house property in bangalore and office is located 35 kms away form home, so he has rented a house near office. can he claim hra for that? he is having house loan on that and claiming interest and principal as deduction form his salary income. can you please guide me is it beneficial to keep that has vacant or to let out based on taxation perspective.
04 July 2014
yes it is allowed in this caes.
04 July 2014
u can check sec 10(13A) and sec 24 (B) both are independent.
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04 July 2014
you take HRA exemption and also take intt deduction u/s 24(b) and repayemtn loan u/s 80C.
05 July 2014
Can he take the benefit of keeping own house also as self occupied, because he has kept his parents in that house?. There is no income from owned house.
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