banner_ad

House property

264 views 7 replies
User Avatar

68 Points Posted on 25 August 2018
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.
Reply Share Follow
On 25 August 2018 at 16:04 Report
Replies (7)
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 25 August 2018
Yes... You can claim.
463 Reply
On 25 August 2018 at 16:23
User Avatar

CA
609 Points Posted on 25 August 2018
yes you can claim HRA and you must show House property income while filing Income tax return if it is rented one
6 Reply
On 25 August 2018 at 18:19
User Avatar

68 Points Posted on 25 August 2018
Varma Sir, what if I don't show house property income at all? Or show deflated income?
Reply
On 25 August 2018 at 19:20
User Avatar

CA
609 Points Posted on 25 August 2018
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
6 Reply
On 25 August 2018 at 19:41
User Avatar

68 Points Posted on 25 August 2018
Noted. Thanks.
Reply
On 25 August 2018 at 20:05
User Avatar

867 Points Posted on 25 August 2018
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.
11 Reply
On 25 August 2018 at 21:58
User Avatar

68 Points Posted on 26 August 2018
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?
Reply
On 26 August 2018 at 10:54


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details