Hello,
I am planning to buy an apartment for investment. Now both husband wife working.
After the purchase of house, I am planning to rent it out.
And I will too stay in rented house.
In this case how can I or wife(atleast one) claim HRA ? I am not looking to take loan to save tax.
What can I do ? Otherwise I will end up paying tax on rent I will earn, also getting no HRA for my rented place.
Thanks
Sandeep
From India, Bangalore
I am planning to buy an apartment for investment. Now both husband wife working.
After the purchase of house, I am planning to rent it out.
And I will too stay in rented house.
In this case how can I or wife(atleast one) claim HRA ? I am not looking to take loan to save tax.
What can I do ? Otherwise I will end up paying tax on rent I will earn, also getting no HRA for my rented place.
Thanks
Sandeep
From India, Bangalore
Anybody please suggest its urgent.
Explaining in details.
Buying an apartment in full cash I have accumulated and put it on rent.
Both husband and wife working, and staying in house 2bhk which is rented.
Can I claim HRA, if I own a house but doesnt stay in it, but stay in another rented house in the same city
From India, Bangalore
Explaining in details.
Buying an apartment in full cash I have accumulated and put it on rent.
Both husband and wife working, and staying in house 2bhk which is rented.
Can I claim HRA, if I own a house but doesnt stay in it, but stay in another rented house in the same city
From India, Bangalore
What is your company policy for HRA? Are you/wife in any Government/PSU? Depending on your organisation policy it should not be an issue at all.
From India, Pune
3131From India, Pune
Sir, I think, it is a subject matter of Income Tax. Hope some one who is doing consultancy in Income Tax may be able to explain or solve the problem of initiator of this thread.
From India, Noida
From India, Noida
HRA policy doesnt say much except your are paying rent, HRA can be claimed. Google too doesn’t give me answer for this :(
From India, Bangalore
From India, Bangalore
Dear Sandeep_Agarwal,
You can always avail HRA as per the terms of HRA rule, since you are staying in a rented house. You will have to disclose your rental income from house property under income from other sources chapter while you will submit your IT return.
From India, Kolkata
You can always avail HRA as per the terms of HRA rule, since you are staying in a rented house. You will have to disclose your rental income from house property under income from other sources chapter while you will submit your IT return.
From India, Kolkata
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HRA – House Rent Allowance.pdf
Training and Development Power House.zip