20 July 2015
i have been trf from Bhopal to Bengaluru. i have a property in Bhopal (which was self-occupied by me), on which I have taken a housing loan and get exemption of int on loan u/s 24 of IT Act. now, in being trf to Bangalore, finance division is not giving me exemption benefits as according to them "PROPERTY IS SITUATED IN OTHER CITY".
What is the rule u/s 24 for transferable employee. Please advice me. I am a Central Govt Employee.
CAclubindia
