HRA Related Query

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Student CA IPC / IPCC
52 Points Posted on 15 March 2020
I am working in a Company and I am receiving HRA From the company and I Constructed one house in my hometown and for that construction I took loan.Can i claim HRA in Income From Salary and Interest exemption under 24(b) in Income From House Property.
Please Suggest me
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On 15 March 2020 at 16:57 Report
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Quick Summary
This discussion clarifies whether you can claim House Rent Allowance (HRA) on your salary income while also claiming interest exemption on a home loan under Section 24(b) for a self-constructed property. The consensus is that you can indeed claim both. HRA exemption is available as per Section 10(13A), and interest on home loans for self-occupied properties has a maximum deduction of £200,000, while for let-out properties, there's no upper limit.

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CFO- at NHTF
58280 Points Posted on 15 March 2020
Yes.You can claim HRA if you are paying rent ...

Both can be claimed..
1 Reply
On 15 March 2020 at 17:06
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Student CA IPC / IPCC
52 Points Posted on 15 March 2020
Tq Sir
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On 15 March 2020 at 17:12
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ARTICLE ASSISTANT
129 Points Posted on 15 March 2020
Both are available
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On 15 March 2020 at 18:56
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Student CA IPC / IPCC
52 Points Posted on 15 March 2020
Than q
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On 15 March 2020 at 19:01
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Company Secretary
77 Points Posted on 15 March 2020
Yes you can bdo
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On 15 March 2020 at 21:02
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Student CA IPC / IPCC
52 Points Posted on 15 March 2020
Than q
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On 15 March 2020 at 21:15
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Chartered Accountant
12739 Points Posted on 15 March 2020

Interest on capital borrowed for the purchase / construction of House Property for self occupied Maximum Rs. 2,00,000

For let out property - any amount 

HRA shall be exempt as per Sec 10(13A) 

 

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On 15 March 2020 at 21:21
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Student CA IPC / IPCC
52 Points Posted on 15 March 2020
Than q
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On 15 March 2020 at 21:23

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