Salary income hra related
This query is : Resolved
ankur Lodha
(Querist)
25 January 2013
If a person is having his own house in some city and pays the housing loan interest on that house.
His job in some another place then is he able to take the HRA allowance as well as Housing loan interest allowance in the same return of income.
as such the assessee is paying the interest on his owned house and pays the rent on the rented house at the job location.
His job in some another place then is he able to take the HRA allowance as well as Housing loan interest allowance in the same return of income.
as such the assessee is paying the interest on his owned house and pays the rent on the rented house at the job location.
25 January 2013
Ankur, you have not framed a question.
The case will be covered u/s 23(2)(b) which says that if the owner cannot actually occupy the house due to the fact that employment or business in in another place and he resides in other place which is not belonging to him, then the annual value of the house will be taken to be NIL.
For interest you will get deduction of upto Rs. 1.5 lakh
and also you can claim the HRA exemption
The case will be covered u/s 23(2)(b) which says that if the owner cannot actually occupy the house due to the fact that employment or business in in another place and he resides in other place which is not belonging to him, then the annual value of the house will be taken to be NIL.
For interest you will get deduction of upto Rs. 1.5 lakh
and also you can claim the HRA exemption
Jagdish Singh
(Expert)
25 January 2013
Hra exempet of salary 10% and receive actually that is less on them is exempt.
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
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Royalty payments to the Mining Department for procurement of murum - GST input
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
