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sanjay goyal (aaaaaa)     15 February 2014

Query on hosue rent allowance and deduction u/s 24

Dear Sir / Madam,

I am a salaried person and getting HRA from my employer. I am residing in rented house. But I have purchased my own flat also on which I have taken a house loan in the same city. My query is whether i can claim the deduction of HRA (on account of rent paid u/s 10) and also on interest on housing loan U/s 24 both.

Kindly guide.

 

 



 4 Replies

SUMIT KUMAR JANGID

SUMIT KUMAR JANGID (CA FINAL STUDENT)     15 February 2014

You can claim for HRA if You residing in Rented House, &

You can claim for Interest on House Loan when the House is on Rent or You have Income from That house.

sanjay goyal

sanjay goyal (aaaaaa)     15 February 2014

can you please confirm the same in case the owned house and rented house and employer, all are in same city. 

Badaa

Badaa (employee)     03 March 2014

You can claim HRA but you have to pay tax on let out property if it is residing in the same city area.

Indiataxfin

Indiataxfin (service)     20 April 2014

Take the benefit of HRA and loss from house property. Let out property to any relative or family member. U will make a killing in tax saving.....read article

https://www.indiataxfin.com/home-loan-principal-and-interest-income-tax-saving/


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