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Income under Housing

This query is : Resolved 
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(Querist)
28 July 2009 Hi I am working in Gurgaon. Following are details of my case:

1) Have a property in Noida: Which i havent occupied on account of employment ( which is in Gurgaon). I propose to treat it as deemed to be self occupied.

2) Have a property in Delhi: This is situated in Mayurvihar. I propose to show this as let out.

3) I personally stay in delhi as well but since the flat i stay in is bigger in size as what i require i have taken this flat on rent. Hence claim the HRA.

What i want to know is that:
1) If i can treat the Noida property as deemed to be self occupied
2) If my flat in Mayur vihar: i can show the income and claim the actual interest paid on it against it

Also claim an HRA for my present rented accomodation which is in Delhi.
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Abhishek Mohta

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Abhishek Mohta (Expert)
29 July 2009 Hi Ruchika,

the proposal you have made is acceptable but the dedcution of interest from your Delhi flat will be restricted to Rs. 30,000/-.
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Ratan Sharma

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Ratan Sharma (Expert)
29 July 2009 Agre with expert. Interest upto Rs. 1.50 lacs is allowable u/s. 24.
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