Dear friends,
My place of property and employment is in different place. My property is occupied by parents, they have no asseseble income.
Can I claim both interest paid on the self occupied property and rent paid for place where my employment is???
Thanks
Rahul
Are you getting any HRA from employer?
If yes, you can take benefit of both simultaneously.
Dear Sir,
thank you sir for ur reply
yes i am getting HRA, but interest can be claimed maximum 30000 only or i need to declare notional rent on the property ocupied by parents us/24 right sir.
regards
rahul
For interest deduction limit upto 30K or 2 L, its different criteria. Check that.
Here as your place of employment and house property are in different locations, you are eligible for both the deductions simultaneously. No need not take rent from your parents for 2.00 lakhs (or more) home loan deduction u/s. 24b.
CCI
Pro
CAclubindia
