House Rent Allowance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2011
Dear Sir/Madam,
An employee works in company and he stays in the rented house. He also own a house on which he is paying home loan.
The house which he owns is around 70 kms away from the place where he works.
The question is can he claim both HRA and Housing loan deduction.
Is there any limit on Kilometers that the house on which loan is there should be x kms away from the house on which rent is paid.
Please guide
Thanks in advance
An employee works in company and he stays in the rented house. He also own a house on which he is paying home loan.
The house which he owns is around 70 kms away from the place where he works.
The question is can he claim both HRA and Housing loan deduction.
Is there any limit on Kilometers that the house on which loan is there should be x kms away from the house on which rent is paid.
Please guide
Thanks in advance
Sunil Kr. Sanganeria
(Expert)
03 February 2011
He can claim both HRA and deduction u/s 24(b)& 80C of Income Tax Act.
Generally there is no limit but sometimes ITO disallow the HRa exemption if one lives and own house in the same city
Generally there is no limit but sometimes ITO disallow the HRa exemption if one lives and own house in the same city
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Ratan Sharma
(Expert)
03 February 2011
Agree with expert. You have to prove that you live in rented house.
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