House rent allow

This query is : Resolved

Ajay Goswami (Querist)
Follow

24 January 2009 Sir,
an employee is residing in Rented room and paying Rent consequently taking exemption

In rented room up to Dec 08
Jan to Mar09 on own new house
If he has taken loan for house on jul 08 and paying interest since then
My ques is what about his tax benefit reg HRA and House loss
In which period he will get exemption of HRA and when he will take benefit of Interest

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
Follow

24 January 2009 He can claim Rent for HRA purpose upto Dec08. And in case house property, Interest can be claimed from july to March09.(Full interest, but maximum upto Rs. 150000, as this is the case of Self Occupied Property)

K V Subba Rao

K V Subba Rao (Expert)
Follow

24 January 2009 I agree with CA Tarun.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

T E SOUNDARARAJAN

HITESH NIRANJAN SAHU

Ishwar Radhakisan Tawani

RAJ SANKLECHA

Aakash Kumar

Subscribe Now

House rent allow

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Manager- Finance and Compliance

GST CONSULTANT

Accountant

Senior Executive

CA Final