Can we claim interest on housing loan, where the house is vacant (not occupied and not given on rent) because the assessee has taken up employment in other city and the assessee is taking HRA deduction for the rent paid in the city of employment? How much deduction will be available?
Yes deduction can be claimed.
But it must be declared as Let Out Property.
yes u can
Yes the assesse can claim interest on housing loan if he has taken up employment other than the city where the house is situated interest upto rs.150000
yes u can
the assessee claim either HRA or interest on housing loan, so both HRA and interest on housing loan is not availed at the same time. suppose you have been let out the property you can avail deduction U/S.24 interest paid on housing loan
O P Bagla & Co LLP
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