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 ?
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- IT returns for fresh job holders
- Due Date Clarity
- NRI INSURANCE ADVISOR
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
