27 May 2014
Dear Sir One of our employee has taken housing loan for the home at Pune. He is working in our Company at Mumbai and his dependents are staying at Pune.
He has submitted Housing loan certificate to claim the principle and interest deduction in his TDS also he has produced rent receipts since he is staying on rent at Mumbai ?
Shall we consider both his housing loan deduction as well as his rent receipts for deduction in his tax liability ?
CAclubindia
