HRA Exemption
This query is : Resolved
12 March 2009
Suppose Mr A taken housing loan for a house which is in Baroda but he actually working in Surat and receiving HRA from P Ltd. Co.in surat.
Whether He can claim both
1) HRA exemption by Paying rent in Surat &
2) Repayment of loan
(Principal in 80C and Interest as
house loss )
pl provide the Act Back up for your answer with sections etc.
Whether He can claim both
1) HRA exemption by Paying rent in Surat &
2) Repayment of loan
(Principal in 80C and Interest as
house loss )
pl provide the Act Back up for your answer with sections etc.
12 March 2009
He can claim both.
provided he is getting HRA( House Rent allowance)
He is residing in a rental accomodation
He must not own a house at the place where he is living
The exemption will be least of the following
1. HRA received
2.The excess of rent paid over 10% of salary
3. 40% of salary in all place except Delhi,Calcutta, Bomay,& Madras where it is 50% of salary
provided he is getting HRA( House Rent allowance)
He is residing in a rental accomodation
He must not own a house at the place where he is living
The exemption will be least of the following
1. HRA received
2.The excess of rent paid over 10% of salary
3. 40% of salary in all place except Delhi,Calcutta, Bomay,& Madras where it is 50% of salary
12 March 2009
Yes. Please check the following link:
https://www.apnaloan.com/home-loan-india/taxdeductionbenefitsforhlhra.html
https://www.apnaloan.com/home-loan-india/taxdeductionbenefitsforhlhra.html
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
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- 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
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
