Hello,
I am planning to buy an apartment for investment. Both my husband and I are working now. After the purchase of the house, I plan to rent it out. Additionally, I will stay in a rented house. In this case, how can either I or my wife (at least one of us) claim House Rent Allowance (HRA)? I am not planning to take a loan to save tax. What can I do? Otherwise, I will end up paying tax on the rent I will earn, without receiving any HRA for my rented place.
Thank you,
Sandeep
From India, Bangalore
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I am planning to buy an apartment for investment. Both my husband and I are working now. After the purchase of the house, I plan to rent it out. Additionally, I will stay in a rented house. In this case, how can either I or my wife (at least one of us) claim House Rent Allowance (HRA)? I am not planning to take a loan to save tax. What can I do? Otherwise, I will end up paying tax on the rent I will earn, without receiving any HRA for my rented place.
Thank you,
Sandeep
From India, Bangalore
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Anyone, please suggest. It's urgent.
Explaining in detail: Buying an apartment in full cash, I have accumulated and put it on rent. Both the husband and wife are working and staying in a 2bhk house, which is rented. Can I claim HRA if I own a house but don't stay in it, but stay in another rented house in the same city?
From India, Bangalore
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Explaining in detail: Buying an apartment in full cash, I have accumulated and put it on rent. Both the husband and wife are working and staying in a 2bhk house, which is rented. Can I claim HRA if I own a house but don't stay in it, but stay in another rented house in the same city?
From India, Bangalore
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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
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3180From India, Pune
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Dear Sandeep Agarwal,
You can always avail HRA as per the terms of the HRA rules since you are staying in a rented house. You will have to disclose your rental income from the house property under the income from other sources chapter when you submit your IT return.
From India, Kolkata
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You can always avail HRA as per the terms of the HRA rules since you are staying in a rented house. You will have to disclose your rental income from the house property under the income from other sources chapter when you submit your IT return.
From India, Kolkata
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