HRA & Self Occupied Property
This query is : Resolved
18 February 2008
Can an assessee claim exemption for HRA and Self occcupied property both when he has a house at Goa and he is working at Bangalore and takes a rented house in bangalore and his Goa house is self occupied by his dependent parents?
18 February 2008
YES YOU ARE ENTITLED TWO BOTH.THE HOUSE AT GOA BEING OCCUPIED BY PARENTS IS ALSO NO PROBLEM.
BUT IN CASE OF SELF OCCUPIED HOUSE ,THE INTEREST DEDUCTION UNDER SEC 24 IS RESTRICTED TO RS. 1.5 LAKHS P.A
R.V.RAO
BUT IN CASE OF SELF OCCUPIED HOUSE ,THE INTEREST DEDUCTION UNDER SEC 24 IS RESTRICTED TO RS. 1.5 LAKHS P.A
R.V.RAO
CA. GOPAL SONIKA
(Expert)
08 March 2008
Yes
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