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HRA and Notional Reny


ice_cube01 (IT)     24 February 2021

ice_cube01
IT 
 25 points

| My Other Post

Dear members,

Currently I am living alone in my owned flat in Noida due to my job. However my wife and kids are residing back in my hometown and I am paying rent for them. I am claiming HRA for the rent paid. Do I still need to show notional income for my flat in Noida despite the fact that it is self occupied. Both my flat and my hometown are in same state i.e. UP.

Sourav

Sourav (Student)     25 February 2021

Sourav
Student 
 564 likes  9293 points

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For self occupied you are paying rent so no income arises from house property.
no need to show
ice_cube01

ice_cube01 (IT)     25 February 2021

ice_cube01
IT 
 25 points

View Profile | My Other Post

Thanks for your reply. Kindly note that I am paying rent to some one else for a rented house in the hometown. However my flat in Noida is not vacant...so do I still need to show notional rent on my own flat as I am claiming HRA

Prajakta

Prajakta (Student CA IPC / IPCC)     25 February 2021

Prajakta
Student CA IPC / IPCC 
 4 likes  89 points

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How many houses do you own?.. as you are paying rent in home town that means it's not owned(As what I understood ). as per the provisions you can claim two houses owned as self occupied..
ice_cube01

ice_cube01 (IT)     25 February 2021

ice_cube01
IT 
 25 points

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Thats right. The one in hometown is not owned, rather it is rented one


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