Home loan interest paid & rent paid

as both are in thane, you can claim any one !!

Can it differ if both are not in Thane? I am not aware of this. Do guide me.

Thanks.

two possibilities are there.

1.if you are going to reside in that acquired property then you can claim deduction of interest amount upto Rs.150000 As per Section 24

2. if you are going to let out the property means you can claim the following deductions U/S 24

       a.property or municipal tax paid

      b. loan interest upto Rs.1,50,000

      c. 30% of net annual value as repairs.

there will be no deduction available to you as tenant. you can claim principal repayment against the loan taken as a deduction U/S 80C