Deduction u/s 24

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.