HRA Deduction
CA. Mala Rohara (Partner) (145 Points)
07 September 2019Can he claim deduction for HRA.
CA. Mala Rohara (Partner) (145 Points)
07 September 2019
Pranav Aggarwal
(469 Points)
Replied 07 September 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 08 September 2019
1. Yes, it is possible to claim HRA exemption u/s 10(13A) if you are truly paying rent for residing in city A.
2. In fact, principal and interest can also be claimed as a deduction if the property in city B is purchased with the loan amount.
3. In a nutshell, you can claim deductions u/s 10(13A) if you are paying rent and in receipt of HRA from the Employer.
Please correct me if the above solution has an alternative view.
sabyasachi mukherjee
(25731 Points)
Replied 08 September 2019