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  #1  
Old 22nd July 2008, 02:43 PM
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Default Housing Loan & Rent Clarification



Dear Sir,

I have taken a housing loan and purchsed a flat in Chennai where my parents live now.

For job reason, I have relocated myself to Trichy (TN) and staying in a rented house.

For the housing loan I am getting the tax exemption. Since my purchased house is not let-out and further I pay rent at Trichy, whether I can claim further exemption on tax due to house rent. Kindly clarify.

Thanks.
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Old 22nd July 2008, 04:13 PM
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You can claim HRA as well as HL tax exemption if you are not able to stay in a purchased house for some proper reason like it is far from the place you work or house is under renovation (not fit to stay) etc etc.

If purchased house is rented then the rent becomes your taxable income.In your case it is not rented.

Hope this helps.
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Old 23rd July 2008, 11:25 AM
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Thanks for your feedback.

If possible could you please refer me to the relevant income-tax act (clause) which substantiates your reply. I need this as a proof to show to my organisation.
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Old 23rd July 2008, 12:48 PM
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Not sure abt the clauses etc but see the below link published in ET in Dec 06:

http://economictimes.indiatimes.com/...how/702927.cms
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  #5  
Old 23rd July 2008, 04:15 PM
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Quote:
Originally Posted by nemprr View Post
If possible could you please refer me to the relevant income-tax act (clause) which substantiates your reply. I need this as a proof to show to my organisation.
Few days back there were a series of Articles in DNA on this topic which were very useful for understanding this. Just go through them as they also mention the clauses you need.

Link 1

Link 2

Link 3

Hope this will clear all your doubts...
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Old 31st August 2012, 12:32 PM
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I need clarification on documentation that needs to be provided with respect to claiming HRA exemption.

I pay Rs 13000 as rent and have declared 13000 as Rent for exemption purposes. Other than rent receipts, do I need to provide any other documentation? I heard that the other details like PAN are required only when rent is above Rs 15000.

In addition, my landlord is in Delhi and getting rent receipts is a problem. I pay rent by online bank transfer. Are bank statements indicating rent paid acceptable?

Last edited by sudhashbahu : 31st August 2012 at 12:38 PM.
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Old 1st September 2012, 12:35 AM
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Depends on company to company. Some companies require the agreement and only the first and last rent receipt. Whereas some only ask for all the months rent receipt and don't demand for rent agreement. Please ask your HR for more clarity.

Yes, if you are paying more than 15k rent then PAN no. of landlord is also required to declare.
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Old 12th September 2013, 11:05 PM
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I am staying in rented accommodation and have rental agreement. Also I am paying rent by online transfer.

In case I don't get rent receipt from my landlord, I understand company will not give me HRA exemption.

Can I claim it while filing IT return? I think when filing the return, you don't need to attach any documents. Also, I am paying money through online transfer, I have sufficient proof that I am paying rent.
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