Hra and housing loan interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 January 2012
I have taken housing loan for my property at greater noida which is vacant and living in delhi on rent. May I claim both the deductions i.e. HRA and interest on lousing loan. I am a salaried employee.
24 January 2012
HRA can be claimed as it is convenient for you in employment. You need not to travel extra and you can save time also. This is possible when your place of employment is in New Delhi only and is nearer than the Property at Noida.
In such situation you can claim HRA.
.
If you can show that the vacant property is vacant due to non-availability of a suitable tenant or show rental income of the property , it will be convenient and logical for you to claim interest against
such income of Noida Property.
You can also show the property as Self Occupied while your place of employment is in other City.
However, both Interest and HRA can be claimed.
.
In such situation you can claim HRA.
.
If you can show that the vacant property is vacant due to non-availability of a suitable tenant or show rental income of the property , it will be convenient and logical for you to claim interest against
such income of Noida Property.
You can also show the property as Self Occupied while your place of employment is in other City.
However, both Interest and HRA can be claimed.
.
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
- House Property Reporting in ITR
- Refund Annexure-B
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- If there is Long term capital gain exists how much total income to be considered
- 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
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
