HRA EXEMPTION & CO. LEASED ACCOMODATION
This query is : Resolved
21 October 2008
There is a query on Income Tax.
The employee is provided with a company leased accommodation in the city of employment and at the same time his family is staying in a rented accommodation different city in the same State / different State. He is owning a house which is vacant and the loan installments are being paid. Prior to shifting he was staying in that home.
1) Can he claim the HRA even if he is provided with the leased accommodation?
2) Can he claim the interest on housing loan as a deduction even when he is having a company lease house and the rented accommodation in a different city where his spouse and the family stays and visit s them on week ends?
Please confirm as CLA is in the nature of perquisite and the HRA in the nature of allowance.
Thanks.
Hemendra
The employee is provided with a company leased accommodation in the city of employment and at the same time his family is staying in a rented accommodation different city in the same State / different State. He is owning a house which is vacant and the loan installments are being paid. Prior to shifting he was staying in that home.
1) Can he claim the HRA even if he is provided with the leased accommodation?
2) Can he claim the interest on housing loan as a deduction even when he is having a company lease house and the rented accommodation in a different city where his spouse and the family stays and visit s them on week ends?
Please confirm as CLA is in the nature of perquisite and the HRA in the nature of allowance.
Thanks.
Hemendra
21 October 2008
Answered already.
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