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TMI BlogAnnual value - taxability of the propertyX X X X Extracts X X X X X X X X Extracts X X X X ..... 1.)an individual working in a pvt company resides in delhi in a rented house. 2.)he owns a house in delhi which is situated 30km far from his working place.this house was vacant for the complete year( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f.y-2008-09) 3.) for the financial year 2008-09 he received house rent allowance @rs.6000/-p.m and paid rent @ rs.7500/-p.m 4.)for the financial year he paid rs.20000/- as interest on housing loan tak ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... en from hdfc now my question is-whether he can claim exemption for hra u/s10(13A)and simultaneously deduction u/s 24 from house property income for interst paid on housing loan?whether the annual valu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of his house property will be taken as nil because the house was remeined vacant throughout the year. - Reply By Ravi Chopra - The Reply = A house which is own by you but you could not occupied the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... same due to employment is eligible for self occupied house benefits. But, you need to ascertain that same has not been let out for a single day for the relevant period. Since the employee is living i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n a rented house, he is entitled to HRA benefits. Therefore he can avail both the benefits simultaneously. - Annual value - taxability of the property - Query Started By: - rahul kumar Dated:- 5-8-20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 09 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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