HRA and Interest on Housing Loan (self occupied)
This query is : Resolved
03 March 2008
Hi
Can any one suggest good reason to not to allow the following claim:
An employees claims interest on Housing loan (self occuped)but he does not reside there [nor earn any rent from there] and also claims HRA in the same town where his house property is located.
Can any one suggest good reason to not to allow the following claim:
An employees claims interest on Housing loan (self occuped)but he does not reside there [nor earn any rent from there] and also claims HRA in the same town where his house property is located.
03 March 2008
u/s 10(13A) Exemption is not available to
an assesse who lives in his house,or in a house,or in a house for which he does not pay any rent
both deduction are not available to you if you reside another city then you will claimed both deductions
an assesse who lives in his house,or in a house,or in a house for which he does not pay any rent
both deduction are not available to you if you reside another city then you will claimed both deductions
04 March 2008
IF YOU ARE CLAIMING HRA IT MEANS THAT YOU DO NOT OWN AN HOUSE.IF YOU CLAIM INTEREST ON LOAN IT MEANS THAT YOU OWN THE HOUSE FOR WHICH YOU ARE CLAIMING INTEREST AND THAN THEW QUESTION OF CLAIMING HRA DOES NOT ARISE
04 March 2008
Hi Ganesh,
you can do the same but you should have a valid reason for not staying at your own house.
One example may be the distance between your employment and your residence.
Both Interest and HRA can be claimed.
you can do the same but you should have a valid reason for not staying at your own house.
One example may be the distance between your employment and your residence.
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
- Supply through E-commerce Operators
- Sales amount in Gstr1
- TDS Claim year
- Rent lease agreement
- Relief u/s Section 89
- TDS Challan Code
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CG after sale of flat
- 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
