HRA with 'Loss from house property'
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 May 2011
Hello,
My query is as below :
As I Know 'Loss from House property' can be considered for calculation of TDS on salary.
Now question is, whether above will apply even HRA is alowed as deduction in Computation of TDS on salary ?
My query is as below :
As I Know 'Loss from House property' can be considered for calculation of TDS on salary.
Now question is, whether above will apply even HRA is alowed as deduction in Computation of TDS on salary ?
MD. Ibrahim J. Attar
(Expert)
23 May 2011
No.
Exemption under Section 10(13A)(Read with Rule 2A)for House Rent Allowance is not available to an assessee who lives in his own house or in a house for which he does not pay any rent.
Hence, when claiming a loss under House Property, you certainly cannot claim exemption for HRA, as you are staying in your own house (naturally then you will claim Loss from HP).
Exemption under Section 10(13A)(Read with Rule 2A)for House Rent Allowance is not available to an assessee who lives in his own house or in a house for which he does not pay any rent.
Hence, when claiming a loss under House Property, you certainly cannot claim exemption for HRA, as you are staying in your own house (naturally then you will claim Loss from HP).
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GSTR9 Annual Return
- Form 144 TDS Return Validation Error – Mandatory Fields
- Capital gains in IT returns
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Advances to related party
- Capital Gains Tax on Inherited Mutual Fund
- Ito add credit side of bank
- Employee secondment
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
