HRA Tax exemtion
This query is : Resolved
06 August 2008
Can an employee stay in a rented house and claim HRA deduction despite having his own house in the same locality?
07 August 2008
yes.
07 August 2008
Claim can be done. As per the provison of act you can't hv the deduction of HRA as well as Interest on loan.
07 August 2008
In case of ur house is let out, you have to show the rent in your income or if it is not let out then the calculation as per municipal valuation (fair rent).
07 August 2008
yes u can claim.
but if your house is let out you have to show rent in your ITR
but if your house is let out you have to show rent in your ITR
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