Tax computation
This query is : Resolved
Jithu p james
(Querist)
18 June 2016
Sir,
I have own Property in Thrissur and took home home Loan On it.But I am working another city as employee and stay in flat as rental (Rent 8000/- Per month)...and get HRA (3000/- Per month)on it....I also do (part time) accounts works as profession in that flat and gets income from that works also
1)Can i claim 24(b) by home loan?
2)Can i Claim HRA Exemption ? Or Rest of Rent Portion can be claimed under business/profession ?
pls give remedy?
I have own Property in Thrissur and took home home Loan On it.But I am working another city as employee and stay in flat as rental (Rent 8000/- Per month)...and get HRA (3000/- Per month)on it....I also do (part time) accounts works as profession in that flat and gets income from that works also
1)Can i claim 24(b) by home loan?
2)Can i Claim HRA Exemption ? Or Rest of Rent Portion can be claimed under business/profession ?
pls give remedy?
Amol S Joglekar
(Expert)
18 June 2016
24(b) and 10(13A) are independent of each other. You can claim both...no issues.
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