Sir, I am a government servant and employed at state head quarters. I have taken flat in an apartment in my native place after availing housing loan from a nationalised bank. Presently the house is occupied by my parents. I reside in a rented house at my place of work. I have been paying housing loan from my salary. Can I get tax deduction benefit for both the HRA paid at work place and the Principal and Intrest paid towards housing loan? Please clear my doubt. Siva Sankar
Sir, I am a Central Govt.Employee. I am staying in a rented house. My wife is a home maker and my dependant. She has a house in her name gifted by her mother. This is informed to my office at the time of registration. If we shift to this house, can I pay rent to my wife and claim tax exemption for my HRA?. If so, do I need to inform my office that the owner of the house is my wife? Pl. advice.
I come under the slab of 30%. I am taking the tax benefit of loan repayment. This house is on rent and I mention this rent as an additional income while filling the return. I stay in my father's house and want to claim HRA as well. Please suggest. There is a walkable distance between both the houses. Please suggest, can I also take HRA benefit.
Please note that no person can claim any exemption(s) from HRA received U/s.10(13A) of the Income Tax Act even though if he/she is actually paying rent to his/her spouse for the purpose of accomodation. The relationship between a husband and wife is not commercial in nature; a husband and wife are supposed to stay together. So payment of rent to a spouse will not be accepted by the income tax authorities no matter in whose name the house is registered with.
I am staying in the house bought jointly by my father & elder brother. I wish to purchse the same from them through home loan. Pl advice may I get the tax benifit for EMI
If an employee pays house rent Rs. 9500/- per month and he is getting basic salary Rs. 360000/- and HRA Rs. 100000/- per month can take HRA benefit in Income Tax?
