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?
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
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Form 121 & TDS deduction
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Value of property in capital gain
- Multiple trade mark
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- 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
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
