HRA Vs.Deduction U/s.24(b)

Dear Shri.Kondal Reddy, You are highly ambitious in trying to pocket both the benifits in one stroke. If a salaried man claims HRA exemption, then it means that he is occupying a rented house. If the same person owns a house for which HL interest is paid, then first of all he has to offer rental income for that property which he could not occupy. Only then HL interest can be claimed. However, in a case where the assessee could not own reside in his own house owing to his employment at another station, and that house has not been let out and no other benefit have been derived therefrom, then no rental income to be offered as per Section 23(2), 23.(3). He can claim HL interest u/s. 24(b).

sorry Mr. Kondal there is only way. If the spouse of the assessee is working, we can do some adjustments.