I own a House. I was staying there till Feb 2012. I moved to a Rented house in the other part of the city, which is closer to my office.
During the FY 2012-13, I stayed in the Rented house, while my own house remained Locked/vacant.
I pay a rent of 10k p.m. while I receive HRA also. I also pay my Housing Loan Principal & Interest for the own house.
Can I claim HRA for the rented house of 50k, as well as claim deduction for Principal & Interest repayment on Housing loan for own house.
If so, will my own house be treated as Self occupied or Deemed to be let out, as Interest payment is about 2 Lakhs.
CAclubindia
