Income from house property

This query is : Resolved

Sandeep (Querist)
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07 July 2013 An individual is having two residential propertys. One self occupied one let out. Now due to illness he has taken other house on rent and rented the house which was self occupied.

What are the implications?
Can he calim 30% deuction in both the houses?
Will he get any deduction of the rent paid?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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07 July 2013 yes, 30% of NAV u/s.24 is available for both houses. since you have letout property

you can claim HRA for your rent payment if you are salaried other wise you can claim Sec.80GG