banner_ad

Hra and home loan

Tax queries 314 views 3 replies

My client bought a house on loan in Hyderabad but he stays on rent as his own house is 45kms away from his workplace. Can he claim HRA even if he has own house in the same city?  Is he required to show notional income of his vacant home if he is claiming HRA?

Thanks

Replies (3)

it is advisable if he claims both if the property is not let out  let him give some notional rent in declaration and claim interest so that  it will reduce his taxable income 

Yes, A person can claim HRA even if he has his own house in the same city but he must have sufficient documented proofs (like- Rent receipts, rent agreement, deduction from bank accounts- if paid from bank account) to claim the same.

 

Thanks & Regards

Diamond Goyal

do rtp come at home for ca final


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

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

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

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