Intreest on home loan rebate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 February 2013
WHETHER REBATE OF INTREST ON HOME LOAN AND HRA REBATE BOTH CAN BE TAKEN SIMULATANEOUSLY RESIDING ON RENT IN SAME CITY FOR INCOME TAX PURPOSE .
21 February 2013
Both can be claimed.
.
It depends upon the place where the house is located- so as to claim it as self occupied by virtue of Section 23(2)(b).
.
If the house is at such location in the city , from where it is more difficult for the assessee to attend his employment /Office, in compare to the rented house, he may take the Net Annual Value of own house at NIL. Provided he is not getting any other benefit from the house.
.
.
It depends upon the place where the house is located- so as to claim it as self occupied by virtue of Section 23(2)(b).
.
If the house is at such location in the city , from where it is more difficult for the assessee to attend his employment /Office, in compare to the rented house, he may take the Net Annual Value of own house at NIL. Provided he is not getting any other benefit from the house.
.
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
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- Old Traces Portal
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst reverse charge mechanism to be claimed in the month of payment
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Error in uploading Form 10BD
- PF wage ceiling
- ITC BENEFIT ON BROKRAGE PAID
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
