24 March 2013
IF CENTRAL GOVERNMENT employee have own houe in lucknow and he resides in rented house then he will be entitled for getting HRA and what aboue IT EXEMPTION. THAT EMLOYEE IS getting benefit of interest deduction also on loan taken for house. his own house rented to other person from whom he is getting rent but not disclosing IM ITR.
24 March 2013
An employee cannot get both HRA & interest deduction together for house & working place in same city or place. either one deduction can be consider.
Incase he/she declaring the rental income for his own house, then he can claim the interest deduction for own house