13 July 2009
One of our employee, who has taken loan to construct his home in Kerala, is asking to give deduction under Section 10D (Rent paid under HRA residence in Delhi) & on the other hand is asking for deduction under Income from House Property to compute Income Tax Liability. Can we consider both?
it seems there are two difference house properties so,
for rented he can claim HRA if is getting HRA and at another side beacuse he has taken loan so he is paying interest for which he can claim deduction for interest under house property. there is no barr in this case.