Tax on house property
This query is : Resolved
04 January 2013
Hi,
My query relates to HP income
Suppose A is residing in the house owned by him and his mother can he claim the exemption of HRA If yes pls guide in reference to formality to be completed to claim HRA?
Second doubt is suppose he wants to buy one house in the name of him and his wife whether he can claim both benefits of HRA & interest on hsg loan
Pls explain in detail
Thanks
My query relates to HP income
Suppose A is residing in the house owned by him and his mother can he claim the exemption of HRA If yes pls guide in reference to formality to be completed to claim HRA?
Second doubt is suppose he wants to buy one house in the name of him and his wife whether he can claim both benefits of HRA & interest on hsg loan
Pls explain in detail
Thanks
04 January 2013
If the assesse is paying the rent then only he can claim the benefits of HRA.
If the assesse has his own house or leaves with his family then he can't claim exemption.
The only exeption is that his place of employement is far from the place of residence.
If the assesse has his own house or leaves with his family then he can't claim exemption.
The only exeption is that his place of employement is far from the place of residence.
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
