Hra exemption and interest on home loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 July 2014
Dear Sir/ Madam,
I have query. I am availing tax exemption of Interest and principle of my home on property situated at Virar. I am not staying there. It is vacant. I am staying in Mumbai on rent.
Can I take benefit of HRA exemption as well as my home loan interest principle benefit?
I have query. I am availing tax exemption of Interest and principle of my home on property situated at Virar. I am not staying there. It is vacant. I am staying in Mumbai on rent.
Can I take benefit of HRA exemption as well as my home loan interest principle benefit?
CMA Ramesh Krishnan
(Expert)
04 July 2014
Both cannot claim in same time. if you can show the own house as deemed letout and show the notional rent, then you can claim the housing interest.
How ever you are eligible for claim HRA for your rented house
How ever you are eligible for claim HRA for your rented house
Rupesh Jain
(Expert)
05 July 2014
YOU CAN TAKE both for HRA for Mumbai.
and intt. on housing loan u/s 24(b) and principle repayment u/s 80c
and intt. on housing loan u/s 24(b) and principle repayment u/s 80c
05 July 2014
both can be taken at 1 time as there is no restriction for the same.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
