HRA and interest deduction from hosue property

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Sagar (Querist)
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30 July 2010 Is it possible to claim HRA and Interest deduction from House property when he is staying in the same city for which he is claiming HRA and Interst deduction from house property.
i.e. House No1 Claiming HRA
House No2 Interst on home loan ( actual house)
Both house is at Delhi.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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30 July 2010 As per sec.23(2(b) the person staying away from the own house due to employment reasons can be claimed, but in the same city is not possible

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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30 July 2010 act of the case
Salaried person want to claim the HRA and interest on housing loan

provisio

For claiming HRA, you must pay rent. if you occupaying your own house, you cannot claim HRA. If you staying in the same city also cannot claim the HRA

interest on housing loan also available for you provided if you sataisfying all the conditions

CMA Arif Farooqui

CMA Arif Farooqui (Expert)
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05 August 2010 Agreed with CMA Ramesh

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