I have a house rented to a relative, who is paying me a paltry sum. No receipt is given.
I stay at a rented house 200 km away, claim HRA benefit.
I also claim interest benefit on borrowed capital.
I don't show gross rent received.
Any implications? Please advise.
Menu
House property
Replies (7)
Yes... You can claim.
yes you can claim HRA and you must show House property income while filing Income tax return if it is rented one
Varma Sir, what if I don't show house property income at all? Or show deflated income?
then it will be treated as self occupied property no need to show rental income and HRA allowed only when you live in a rented accommodation if your house property not situated within city limits.. so u are surly claims both the benefits without showing rental income
Noted. Thanks.
at one point you are claiming benefit of HRA and on the other hand you are showing HP as self occupied.
in such case your HP will be treated as let out or deemed let out as the case may be.
show rent income to avoid litigation in future.
in such case your HP will be treated as let out or deemed let out as the case may be.
show rent income to avoid litigation in future.
CA B Soni sir, Duly noted. I have proof like electric bills to substantiate that the house was lying vacant. Will it still be treated as deemed let out, inviting tax?
Recent Topic
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
Related Topics
CAclubindia
