02 September 2008
My friend is a salaried employee. He stays in parents house and pay them rent for which he claims HRA deduction. He resides in Delhi but his office is in noida. He wants to buy a House in Noida BY TAKING LOAN. But he will not move in there immediately.For the time being he wants to stay with parents and rent the house that he will purchase. So that he can claim full interest payable on loan.
02 September 2008
both the clauses are independent to each other and no relation what so ever between them,so it very mush clear that he can claim hra and can let out his house to other
even if his second house is delhi or even in case of adjoining house and he want to let out his own house and and wants to reside with his parent no body can challenge him and both benefit are are available to them
CAclubindia
