Salary income hra related

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ankur Lodha (Querist)
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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.

Anand

Anand (Expert)
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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

Jagdish Singh

Jagdish Singh (Expert)
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25 January 2013 Hra exempet of salary 10% and receive actually that is less on them is exempt.

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