Section 24(b) tax planning

House loan Interest claim.

while calculating income from house property first annual value of house is to be determined.

 

1. House is let out (value will be according to Rent received)

2. House is self occupied by the owner for own residence. (annual value will be nil)

3. house cannot actually be occupied by the owner by reason of the fact that owing to his employment, business or profession carried on at any other place, he has to reside at that other place in a building not belonging to him(annual value will be nil)

in situation two and three value of house annual will not be nil if
 

Please go through rule third &  i sure u get ur answer

It is treated as a self occupied and interest deduction of Rs 150000 can be claimed. He can continue to stay where he is living and clain HRA.