HRA CLARIFICATION...

1470 views 14 replies

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

 

Replies (14)

Yes he can claim both

Yes my dear

He can claim both as per mr Rachit saying.

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.

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

he can claim for both

yes ofcourse he can claim hra....upto the limit prescribed.......and whole interest amount.......both are allowable.....

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 

Yes

You can Claim

yes ofcourse he can claim both deduction

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

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.

 

he can claim both the deduction

Yes he can avail both of them.

Thanks to all.....

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