06 January 2011
Hi, What is the amount of deduction of interest on housing loan in case of an assesse whose own house remains unoccupied on account of him staying in a rented accomodation in other city due to his employment?
06 January 2011
Section 23 says,annual value of the house will be nil if assessee can not actually occupied the house due to location of job or their business or profession at other place and it is not also let out.so in my opinion he can claim both hra and hba benefits.
In view of the above, section 24(b) deduction for interest and exemption u/s 10(13A) towards HRA can be claimed simultaneously.