17 February 2010
a salaried person purchased a home for his parents on his own cost,and get that registered in his mothers name.he also took a home loan for that home and paying the instalments out of his own sources. Q.1.whether he can claim deduction u/s 24 and 80C. Fact : his parents have none source of income.
He also incurring rent for his own residence,in a city different from that purchased house. Q.2. whether he can claim HRA deduction recieved from his employer with that home loan deduction (if yes).