Just a moment...

⚠✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
>
Keyword Search :
AI Tools : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Tools ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :

Print Options

+ Post a Query
Post a New Query ✕
Title :
0/200 char
Description :
Max 0 char
Category :
Delete Reply

Are you sure you want to delete your reply beginning with '' ?

Delete Issue

Are you sure you want to delete your Issue titled: '' ?

Discussion Forum

Back

All Issues

WhatsAppJoin Channel
Advanced Search ❮
Reset Filters
Search By:
Search by Text :
Press 'Enter' to add multiple search terms
Select Date:
FromTo
Category :
OR
Search by Issue ID:
NOTE: If you have inputs in both the fields, then results will be shown for issueId first.
Issue ID: 1004
PrevPreviousNextNext
Like 0Bookmark

Availability of HRA exemption

Date 13 Jan 2009
Replies1 Reply
Views 1276 Views
Asked by
HRA exemption and home loan interest: salaried employees can deduct loan interest and set off house property loss against salary income.
Salaried employees occupying rented accommodation while owning a let-out property may claim deduction for home loan interest against income from house property; any resultant net loss under Income from House Property can be set off against salary income, affecting the taxable salary and the benefit of HRA. (AI Summary)

my client has bought a house on loan and paid interest of Rs. 200000/-.he is living in a rented house and paying rent of rs 10000 p.m. he is also receiving rent from his bought house @ 5000 pm. whether he is entitle for HRA exemption being salaried and receiving HRA. whether Rs. 200000 paid as interest is deductible in total being rented house.

Income Tax
1 answers
Sort by

Old Query - New Comments are closed.

Hide
Like 0
Replied on Feb 6, 2009
1. As the assesse is a salaried employee, he can claim exemption for the interest of loan paid on the house. Loss from house property can be set off from the annual salary income.
Recent Issues