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Deepshikha Rawat   19 June 2021

HRA and interest on house property

Assessee has claimed hra, and interest paid on one house property (let out)

Now He is willing to purchase second house property

Whether he can claim it as self occupied

(which is fulfilling criteria of exception to self occupied:ie as the assessee is not getting any monetary benefit from it and the possession of the house is not received)

and get the interest deduction upto 2,00,000/- in addition to above (first house and Hra)


please help
Thank you ☺️


 4 Replies

Rajamahendra Varma M.B.A.,LL.B

Rajamahendra Varma M.B.A.,LL.B (Advocate and GST Practitioner)     19 June 2021

Interest on housing loan maximum of rs.2lakh per annum allowed.
He can't claim HRA if he self occupied the house.
Sourav

Sourav (Student)     20 June 2021

Interest deduction for 2 lakhs rupees can be claimed.
But HRA for 2nd house cannot be claimed
veerendar singh

veerendar singh (tax consultant)     20 June 2021

Yes you can claim the benefit of self occupied property and offer a loss upto 2 lacs.
Sourav

Sourav (Student)     14 July 2021

Agree

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