Hra
This query is : Resolved
12 August 2011
My friend has working in a software co. bangalore, upto last year december he has resided in rented property and after that he bought a house shifted from january onwards.
Recently he got notice from the department saying that YOU CANT CLAIM LIKE THAT..is my friend is correct or the department..if my friend is correct what are the relevent case laws for going for appeal?
As i ve got the response stating that i can claim both if and only if the property should given for rent, but he is residing in the property cant he claim both if has not gave it for rent?
I got two responses but there is DEVIATION between the two.
please give some case laws, as i wanted to go for the appeal.
Please revert back with relevent case laws.
Thanks in advance
Recently he got notice from the department saying that YOU CANT CLAIM LIKE THAT..is my friend is correct or the department..if my friend is correct what are the relevent case laws for going for appeal?
As i ve got the response stating that i can claim both if and only if the property should given for rent, but he is residing in the property cant he claim both if has not gave it for rent?
I got two responses but there is DEVIATION between the two.
please give some case laws, as i wanted to go for the appeal.
Please revert back with relevent case laws.
Thanks in advance
12 August 2011
He can claim HRA Exemption upto Dec 2010 as per sec 10(13A) Rule 2A and there after interest u/s 24 b.
12 August 2011
if the subject property carry " income from house property" i.e rented, then you can avail both simaltenously, otherwise any one at one time.
12 August 2011
i have modified the question please look into it and revert thanks
12 August 2011
i have modified the query, please look into it and rvert..thanks
12 August 2011
You can claim both only when you let out the property and stay in a rented house.
If you stay in your own house you can claim only Interest benefit and not HRA Exemption.
If you stay in your own house you can claim only Interest benefit and not HRA Exemption.
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
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- REGARDING ITR FILING QUESTION
- ITR 44AD SECTION
- Missed TDS
- Old Traces Portal
- Sale of Mutual Funds In Diffirent Financial Years
- CASH GIFT FROM BLOOD RELATIVE
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
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
