House property
This query is : Resolved
23 October 2011
Can a person claim both HRA and House property deduction as self occupied if the house proprty is situated in another city
24 October 2011
For claiming HRA deduction rent paid is must. This means that the assessee must have paid rent otherwise the whole amount of HRA will be taxable.
Ig the assessee claims a property as self occupied, he cannot claim HRA deduction.
Lets suppose the assessee is working in Mumbai and has a house property in Delhi.
Now, he is paying rental in Mumbai. So the house property in Delhi cannot be self occupied by him.
In such a case, the house property in Delhi will be treated as deemed to be let out.
An assessee cannot claim HRA deduction and also treat a house property as self occupied.
Ig the assessee claims a property as self occupied, he cannot claim HRA deduction.
Lets suppose the assessee is working in Mumbai and has a house property in Delhi.
Now, he is paying rental in Mumbai. So the house property in Delhi cannot be self occupied by him.
In such a case, the house property in Delhi will be treated as deemed to be let out.
An assessee cannot claim HRA deduction and also treat a house property as self occupied.
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
- ADVANCE PAYMENT OF ADVOCATE
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Management System (IMS)
- DIN reactivation
- Condonation . E-Verification of last year return .
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
