HRA CLARIFICATION...

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CA Final CS Final
629 Points Joined April 2010

Hello everybody , I need some clarification regarding HRA , One of our client  who was working in a Co. in Delhi &  he was staying in Delhi in his own residence.  He was not in receipt of HRA,  he had barrowed loan for Construction of Property . He was claiming deduciton for interest on the said loan under 24 in his IT returns.

Now he has been transfered to Bangalore where he is staying in Rented house and the Co. is also paying him HRA . Now my question is whether can he cliam  deduction for HRA (under head salries) & also deduction towards Interest on barrowed loan Under HP which is situated in Delhi

 

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On 30 April 2010 at 16:33 Report
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Analyst
913 Points Joined January 2010

Yes he can claim both

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On 30 April 2010 at 16:37
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ACCOUNTS MANAGER
914 Points Joined January 2009

Yes my dear

He can claim both as per mr Rachit saying.

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On 30 April 2010 at 16:50
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Chartered Accountant
6971 Points Joined September 2007

Yes u/s 10(13A) it is allowed to take exemption of HRA as per the place where the employee is working.

Interest can be claimed as well.

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On 30 April 2010 at 17:01
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CA Final
86 Points Joined January 2008

Yes of course....the assese can claim both deductions simultaneously in the head salary and house property... 

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On 30 April 2010 at 19:08
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Income Tax & GST Consultant/ CA-Final
572 Points Joined March 2010

he can claim for both

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On 30 April 2010 at 21:15
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Chartered Accountant
787 Points Joined March 2008
yes ofcourse he can claim hra....upto the limit prescribed.......and whole interest amount.......both are allowable.....
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On 30 April 2010 at 22:22
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B.COM/PCC/ARTICLE/'O'LEVEL
319 Points Joined February 2009

yes 

income tax act provides both allowable in your query 

in income from house property you can claim deduction of interest of borrowed capital 

and as well as 

income from salary head 

your hra after deduction of exemption is count 

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On 01 May 2010 at 00:36
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CA Final
208 Points Joined January 2009

Yes

You can Claim

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On 01 May 2010 at 11:01
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B.Com CA Final CS
5270 Points Joined September 2009

yes ofcourse he can claim both deduction

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On 01 May 2010 at 11:16
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Chartered Accountant
310 Points Joined April 2010

ya surely he can claim both.......

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On 01 May 2010 at 12:03
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ACCOUNTANT
45 Points Joined March 2010

Hi N K Abhiram

in my opinion u r can claim both. becuase as per u/s 10(13A) of Income Tax Act, 1961  it is allowed to take exemption of HRA as per the place where the employee is working.

Interest can be claimed as well.

 

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On 01 May 2010 at 13:45
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COMPANY SECRETARY
1046 Points Joined March 2009

he can claim both the deduction

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On 01 May 2010 at 14:37
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CA in Full time Practice
87 Points Joined August 2009

Yes he can avail both of them.

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On 01 May 2010 at 15:03
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CA Final CS Final
629 Points Joined April 2010

Thanks to all.....

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On 03 May 2010 at 13:50


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