Multiple house properties with hra
This query is : Resolved
22 January 2013
If person having two house properties one in Thane & another in New Mumbai both are letting out and he himself stays in Rented house at Chembur, working in Fort then can he claim the hra & home loan both?
Please reply with an example
Please reply with an example
CMA Ramesh Krishnan
(Expert)
22 January 2013
Yes. incase of employment requirement, a person cannot stay in own house and staying rented house in different city. he can claim HRA & one house as self occupied property
Message likes :
1 times
23 January 2013
Thanks Mr. Ramesh, i have some confusion that the employee pays emi for both house & shown rent received from one house and also claim HRA then how can i show the same in computation of income?
CMA Ramesh Krishnan
(Expert)
23 January 2013
you need to calculate the Income from House property for each house separately and gross it up and add in the total income. HRA will be computed under Salary income
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
- Query on effect of registration of property
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
