• HRA Rebate for Salaried Employee

Hello,
I work in a PSU. I have availed of a housing Loan & the Builder has delivered the Flat. I am living in the same city on rent & my Flat is vacant. Can I claim HRA Rebate as well relief u/s 24. If Yes, can you help me know the relevant section/ruling which bears an evidentiary value in an Office.
Thanks.
Anil
Asked 5 years ago in Income Tax

- Not allowed.

- Let out the property.

Vivek Kumar Arora
CA, Delhi
4825 Answers
1030 Consultations

5.0 on 5.0

Dear Sir,

 

Hope you are doing well !!

 

No, you can not claim HRA Rebate as well relief u/s 24.

 

However, if the house owned by you is used by your parents/siblings and you are staying in a rented house, you can claim both the benefits, even if both the houses are situated in the same city.

Payal Chhajed
CA, Mumbai
5188 Answers
288 Consultations

5.0 on 5.0

No as per the provisions of salary you can't claim HRA if you own the property in same city and then also you rent a property.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Naman Maloo
CA, Jaipur
4265 Answers
96 Consultations

5.0 on 5.0

hi

Yes, both HRA benefit and section 24 deduction can be claimed at the same time even if both the properties are in the same city provided you have a valid reason for such arrangement of not residing in your own property.

A valid reason could be proximity of the property from office, the own house property to be not sufficient for your family, etc.

Lakshita Bhandari
CA, Mumbai
5687 Answers
908 Consultations

5.0 on 5.0

Hi

 

Both benefits cannot be claimed at a same time.

 

Hope it helps

Swati Agrawal
CA, Mumbai
1146 Answers
7 Consultations

5.0 on 5.0

Hi,

 

You can't claim HRA Rebate as well relief u/s 24.

Karishma Chhajer
CA, Jodhpur
2450 Answers
29 Consultations

5.0 on 5.0

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