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Treatment of Interest on Home Loan- If home sold

This query is : Resolved 
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(Querist)
17 January 2009 Dear All,

An Employee has claimed till date Interest on home loan and repayment of Home loan. Now in December ,he sold this home. Now what treatment , we have to do.
Now he submitted Rent Slip on December onwards for HRA Exemption.

Please suggest what treatment we have to do.
CA. B.K.BANSAL
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K V Subba Rao

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K V Subba Rao (Expert)
17 January 2009 House Loan:
Employer has take into consideration principal repayment (Sec 80C) and interest on house loan (getting into computation of loss from house property u/s 24) upto Dec, if requested to do so by Employee

HRA:
Employer has to take into consideration Rent receipt for working out taxable portion of HRA from Jan to Mar (All figures for three months only)
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