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
- Post Office RD Interest
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Applicable TDS for Purchase of Flat from NRI
- ITR validation error - Balance sheet is not filled
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- 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
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
