HRA TREATMENT

he may claim deduction for both

u/s 80C for Housing Loan Repayment and as HRA for Rent paid by him.......

Yes...Agree with Mr.Love Arora....

Deduction u/s 80C and HRA can be claimed....This is logical treatment....

Acc. to me he should not stay in a rented house in a city where he own a house(logical) or he must have some explanation / proof / evidence  for staying in a rented house in the same city...

yes...... agree with C. Balaji........

Thank you Arora....

agree with C.BALAJI and LOVE ARORA

Yes, Mr Arora and Mr Balaji both are correct.

agree with C.BALAJI and LOVE ARORA

i m agree with Mr. love arora

Dear Friends

Mahesh pls descibe why he is not living in his house if he have house in the same city.

then he have to show this house for using income from house property  (if not under constuction)

and max int u\s 24 b is 1.50 lac if not let out other wise no limit.

Regards

Originally posted by : Nitin Grover
	Dear Friends Mahesh pls descibe why he is not living in his house if he have house in the same city. then he have to show this house for using income from house property  (if not under constuction) and max int u\s 24 b is 1.50 lac if not let out other wise no limit.     Regards

max. limit of deduction  u/s 24(b) of Rs1.50 lacs is for house property which is self occupied otherwise there is no limit for H.P. which is let out or deemed to b let out

Dear Friend

i also said same thing

Deduction u/s 24b is 1.50 if not let out and no limit otherwise/in other case (Letout means House on rent or deemed as)

Regards

can claim deduction for both

thnk u all for supporting the answer unanimously......