HRA & Intt on HBL

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This query is : Resolved

Quick Summary

This discussion explores whether an assessee can claim deductions for both House Rent Allowance (HRA) under Section 10(13A) and interest on a Home Building Loan (HBL) under Section 24 in their Income Tax Return. Generally, this is not permissible. However, exceptions may apply if the owned property is in a different location from the place of work or is too far to commute easily.

ABHISHEK ROY CHOUDHURY

ABHISHEK ROY CHOUDHURY (Querist)

27 July 2023 Dear Sir,
An Assessee having HRA u/s. 10 (13A), and Intt on HBL u/s. 24. Can he claim both the deduction in ITR.

Thanks,
Abhishek.

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

27 July 2023 As such no. But there are few exceptions.

ABHISHEK ROY CHOUDHURY

ABHISHEK ROY CHOUDHURY (Querist)

27 July 2023 Dear Sir,
Please tell the exceptions

Thanks,
Abhishek

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

27 July 2023 Mainly. if the HP you owned is at different location, then your working place or being too far on the same city but difficult to commute to your working place etc.

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

12 September 2024 Good Luck.

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