Hra & interest on house property

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Querist : Anonymous (Querist)
26 April 2013 An Assesse has a house in Hyderabad(First house) and pays interest on loan and he stays in Mumbai on rent. However assesse is planing to but a house in Mumbai(Second House) and willing to let out the same property on rent and continue to reside in the rented premises. So whether the assesse can claim the benfit of
1)HRA.
2)Loss on HP(SOP) (First House).
3)Loss on HP(LOP) (second House).

26 April 2013 The answer of question lies in question itself. If a person claiming Loss on HP (SOP) then how can he be on rented premises.

If he is claiming that it is self occupied, then NO HRA will come in to picture.



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