tag:blogger.com,1999:blog-1072534379447599771.post6599984967880632924..comments2024-03-22T18:51:07.375+08:00Comments on Anand's Blog: Everything you ever need to know about House Rent and Income Tax Anand Vijayakumarhttp://www.blogger.com/profile/04069290912727901147noreply@blogger.comBlogger191125tag:blogger.com,1999:blog-1072534379447599771.post-57838923299156591742017-07-23T13:41:41.672+08:002017-07-23T13:41:41.672+08:00No, because the agreement has both your names. One...No, because the agreement has both your names. One option is to rewrite the agreement to show only your name or get a no objection certificate & proof that your friend isn't paying any part of the rent plus he isn't claiming HRA on his portion. Then you can claim 100%Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-56288020680057835052017-07-20T20:06:51.160+08:002017-07-20T20:06:51.160+08:00Hi Anand,
I stay in a rented house with my friend...Hi Anand,<br /><br />I stay in a rented house with my friend and we have a joint rental agreement. The complete rent is paid by me. Since the rental agreement has both our names in it, can I claim the HRA for entire rent amount? Anonymoushttps://www.blogger.com/profile/02531229170048692098noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-33390723519408921362017-07-19T20:27:44.614+08:002017-07-19T20:27:44.614+08:00Firstly sharing PAN number just to claim HRA is il...Firstly sharing PAN number just to claim HRA is illegal. Secondly, unless he tells you that he has stopped and shows proof that he has submitted some other rental agreement to his office, you cannot just find with his PAN<br /><br />If there is an HRA Claim by person X using PAN of person Y, if person Y does not include that rent in his income tax returns, he/she will be called for questioning Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-75361870673180531442017-07-10T18:09:00.997+08:002017-07-10T18:09:00.997+08:00Hello Anand,
One of my relative use to stay at my...Hello Anand,<br /><br />One of my relative use to stay at my home which was on rent. To whom i use to give my PAN for his HRA exemption.<br />Now we are not in talking terms and even he is not residing at my home. But still i doubt that he is using my documents. Since i got a call from his office for the delivery.<br /><br />Please help me in knowing how can i confirm this. i am just having his Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-87004988315635997212017-07-10T13:58:59.525+08:002017-07-10T13:58:59.525+08:00Thanks AnandThanks AnandAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-8203684656398910232017-07-08T19:31:53.387+08:002017-07-08T19:31:53.387+08:00As the rental agreement is in her name, she should...<br /><br /><br /><br />As the rental agreement is in her name, she should be showing the income in her tax returns. You cannot do that as your name isnt in the agreement.<br /><br />You can only claim home loan repayment benefits if - you either live in that house or have rented it out and are earning an income. In this case this rental income is being shown against your wife's tax rather Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-89154704663087393162017-07-07T14:21:25.353+08:002017-07-07T14:21:25.353+08:00Hi Anand,
I have a flat (A) in Pune, which is reg...Hi Anand,<br /><br />I have a flat (A) in Pune, which is registered in my & wife name as owner & co-owner.<br />This flat (A) is rented out, the rent agreement is in my wife's name (gave her PAN no for agreement), also gave her PAN for claiming HRA to tenant. The rent income is deposited in wife's account.<br />However I am paying the home loan for the above flat (A).<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-78348955171269075222017-05-23T14:58:38.102+08:002017-05-23T14:58:38.102+08:00No. If you are the sole owner how can your wife cl...No. If you are the sole owner how can your wife claim rent on her income tax? Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-36442791289443053562017-04-30T23:04:12.053+08:002017-04-30T23:04:12.053+08:00Hi Mr.Anand ,
I am sole owner of the property , ...Hi Mr.Anand , <br /><br />I am sole owner of the property , can my wife take rent of my behalf as I am not keep on claiming tax amount . Rental value is Rs. 17000 / month . My wife is house wifeAnonymoushttps://www.blogger.com/profile/03367120173895351962noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-34535420204645838312017-02-25T07:55:52.026+08:002017-02-25T07:55:52.026+08:00Sorry, I have not heard or read such a ruling. Any...Sorry, I have not heard or read such a ruling. Anyways, even if that was true (just hypothetical) how can someone pay rent for a property that has been gifted to them and that too to the person who gifted it to them? Get the logic problem here?<br /><br />There have been cases where people have been caught and penalised for paying rent to parents or spouse and claiming hra even though property Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-82905166889151617642017-02-25T02:59:20.314+08:002017-02-25T02:59:20.314+08:00I read that if gift deed was done by relative, inc...I read that if gift deed was done by relative, income from the property will be considered as donor's income and not for the person who accepts the gift.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-30767560377212918962017-02-24T19:54:32.807+08:002017-02-24T19:54:32.807+08:00NO, not possible. How can you pay rent to someone ...NO, not possible. How can you pay rent to someone else for a house that you already own? Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-74891636288446583592017-02-24T13:52:39.357+08:002017-02-24T13:52:39.357+08:00Hi anand,
My grandfather transferred t...Hi anand,<br /> My grandfather transferred two houses to my name through gift deed. Can I claim HRA that I pay rent to my grandfather?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-65249935339722571602017-02-19T09:37:11.434+08:002017-02-19T09:37:11.434+08:00i think you can only claim HRA on the house you li...i think you can only claim HRA on the house you live in.Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-85363169957821803192017-02-17T03:12:48.384+08:002017-02-17T03:12:48.384+08:00hi anand
i rented house in place1 which is of 1000...hi anand<br />i rented house in place1 which is of 10000 rent where my parents,wife live<br />2 house rented by me where i live which is 7000 pm. can i claim hra of 10000 as i am only paying rent in both houses.<br /><br />both houses are in same city but far.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-34383617190146938542017-01-22T19:27:49.038+08:002017-01-22T19:27:49.038+08:00Rental income can only be declared by the owner of...Rental income can only be declared by the owner of the property. if 1 or 2 floors of the house will be rented out, they should be registered in your parents name for them to declare the tax income. <br /><br />For home loan, even though you pay the EMI the bank may ask you to make your mom as a co-applicant for technicality because the house is gonna be registered in her name. <br /><br />Based Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-44487825078355995832017-01-10T22:21:59.057+08:002017-01-10T22:21:59.057+08:00My mother owns a small plot in bangalore, I am pla...My mother owns a small plot in bangalore, I am planning to construct a house(G+3 floors) on this plot after getting gift deed executed to my name as this helps me procure a home loan and I am not considering to apply for joint loan. Also my parents will be providing their savings to help me for the construction. My parents will be living on 1 floor and me on 1 floor and plan to rent out the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-82116043132113602942017-01-02T18:35:28.791+08:002017-01-02T18:35:28.791+08:00If the rental agreement doesn't include two na...If the rental agreement doesn't include two names the rent cannot be shared for tax claims purposes by two people. You should put both your names and declare both PAN numbers in the rental agreement and if you do this the rent can be shared between both your tax returns on 50:50 basis. If you want an explicit % sharing and not 50:50 then you can also mention that in the agreement and use the Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-26774646597879838592016-12-03T16:08:56.602+08:002016-12-03T16:08:56.602+08:00Hi Anand. I have rented out a flat which is co own...Hi Anand. I have rented out a flat which is co owned by my father. We both want to split rent income. Bur my fathee stays in different city n canr travel.So can I do registered agreement with just my name and mention rent income in ITR of me n my father. Also tenant is ask8ng for PAN.so whose pan number i should give as flat owned by me n my fatherAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-13708861108774671332016-11-15T10:02:30.186+08:002016-11-15T10:02:30.186+08:00YesYesAnand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-26342275143187927772016-11-15T10:01:28.797+08:002016-11-15T10:01:28.797+08:00The person whose name is on the lease only can cla...The person whose name is on the lease only can claim HRA. Plus if husband and wife live together they cannot claim HRA on two different housesAnand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-27405639757629972292016-11-12T01:06:47.808+08:002016-11-12T01:06:47.808+08:00Hello Anand,
I stay in a rented place A and claim...Hello Anand,<br /><br />I stay in a rented place A and claim HRA exemption under my name.<br />I have taken my friends place B on rent (agreement is in my wifes name) and sublet my friends property with his knowledge. While paying income tax under my wifes name, I will need to show income received from house B under "Income from Other Sources". Question I have is , can I have show rent Maheshhttps://www.blogger.com/profile/12292177804006619841noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-80503136977680448542016-11-10T01:28:31.979+08:002016-11-10T01:28:31.979+08:00Hi Anand, i owned a house at Kochi, and rented it ...Hi Anand, i owned a house at Kochi, and rented it out. Im a salaried person. The tenant is depositing rent to my mothers account. She is a pensioner. So do i need to show this rent as my income? Shibunoreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-29569721867467394782016-10-23T19:58:24.459+08:002016-10-23T19:58:24.459+08:00Yes, it should be ok Yes, it should be ok Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-56165306734654156592016-10-16T23:37:16.339+08:002016-10-16T23:37:16.339+08:00Hi Anand, I stay in a rented house , the rental ag...Hi Anand, I stay in a rented house , the rental agrement has my wifes and my name in it. My wife is not working and hence not contributing towards the rent. Can I claim the tax exemption for the full rent paid eventhough the agreement has both names ? HIGHBURYhttps://www.blogger.com/profile/15323469526836092501noreply@blogger.com