HRA and House property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 January 2010
If a person has a house in New Delhi, but works in Bangalore and place of residence(rented accomodation) is also Bangalore, then can he claim deduction under HRA?
Also, if he can claim deduction under HRA, then can he claim interest deduction in income from house property for the self owned house in Delhi?
Also, if he can claim deduction under HRA, then can he claim interest deduction in income from house property for the self owned house in Delhi?
06 January 2010
Dear
As per Sec 10(13A) deduction of HRA is calculated as HRA received by u or Actual Rent paid by u whichever is lower, so u can claim deduction
Yes Interest can be claimed u/s 24(b) as the rent income is charged under the head Income from HP
As per Sec 10(13A) deduction of HRA is calculated as HRA received by u or Actual Rent paid by u whichever is lower, so u can claim deduction
Yes Interest can be claimed u/s 24(b) as the rent income is charged under the head Income from HP
06 January 2010
you can claim interest if you show the house in Delhi as rented and showing rental income
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
