Month: May 2019

Documents Needed To Claim Hra Exemption On House For Rent Bangalore

House for rent Bangalore

* Rent receipts
* Rental agreement
HRA and Home Loan
Many people get even more confused when it comes to HRA and home loan together. But it is quite simple, really.
In a nutshell: There is no restriction in the Income Tax (IT) Act about claiming home loan and HRA benefits together.
If you are staying in a house for rent Bangalore accommodation, and have taken a home loan for purchase of a house, you can claim benefit for both HRA and the principal and interest components of the home loan.

(Please read Income Tax (IT) Benefits of a Home Loan / Housing Loan / Mortgage for more on IT benefits that you can get using a home loan).
You can claim these benefits even if you have rented out the house you have purchased through a home loan, and are yourself living in another rented accommodation.
The city where you own a house and the city where you work also has no significance: There can be different cities, or can be the same.

There are certain conditions that should be met for claiming IT benefit on HRA.
You can claim HRA exemption towards house for rent Bangalore, if:

* You receive HRA as part of your salary
* You pay the rent
* You stay in the rented house for which you pay the rent
* You do not own the house for which you are paying the rent

Thus, for example, you are paying the house for rent Bangalore in which your parents stay, but you stay in a different house. Then, you cannot claim exemption for that. You yourself should be an occupant of the house.

Following are some of the reasons considered genuine:
* The house you own is not conveniently located with respect to your workplace
* Your parents are living in the house you own. So, you have to stay in a rented place.
* The house you own is small. So, you have to rent a bigger house.
* You have rented out the house you own. And you stay in another house that you have taken on rent.
Experience is what makes a difference. Along with experience comes the mastery of the field. Along with mastery is the expertise.

Have An Important Event Sound System Rental Details

Almost any event with a crowd will require some sort of sound system to handle the audio – basically any event ranging from a simple house party with some music playing in the background, to a large wedding reception or concert requiring optimal audio. Small events are easily handled by household stereo systems, but as you gain size in venue and attendees, you need to make sure that the audio potential grows proportionately. So many factors come into play to make this work well, from the size of the room, whether it is an indoor or outdoor event, the number of attendees, and the purpose and theme of the event. Finding the right equipment is very important! People remember bad systems, you want your guests to walk away having barely noticed the sound system – this usually means that it went off without a hitch! Few people (or even companies) have a system standing by, so a popular solution in these situations is to use a sound system rental.

Be sure to ask the right questions and also supply the audio visual rental company with enough information about your event so that they can match you up with the best sound system for your particular event. Ask them how many events they handle, what types and sizes, and what policies and procedures they have for delivery, set up and troubleshooting or technical support. In turn, you need to provide them with specific information about event size, theme, location, number of attendees, length of event, and any other pertinent planning details. All of this information will be used to determine what type and size of sound system will work best for you.

For a sound system rental in Syracuse or the surrounding areas (e.g., Rome, Utica, Rochester, Binghamton, Watertown, etc.) Francis Audio Visual is a great resource that has been providing quality sound system rentals for decades. With knowledgeable and skilled technicians that can help you not only plan your event, but get it set up for the best possible audio circumstances and make sure that everything runs perfectly, Francis AV has you covered!