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HRA Tax exemtion

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(Querist)
06 August 2008 Can an employee stay in a rented house and claim HRA deduction despite having his own house in the same locality?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
07 August 2008 yes.
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Manish Karwa

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Manish Karwa (Expert)
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.




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Manish Karwa

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Manish Karwa (Expert)
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).
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CA. Harinder Kumar

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CA. Harinder Kumar (Expert)
07 August 2008 yes u can claim.

but if your house is let out you have to show rent in your ITR

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