04 February 2011
Dear Expert, One person is staying outside Delhi for Job purposes. Hence claiming HRA.
He has two house in Delhi. Out of which one house is treated as deemed to be self occupied. Therefore Annual Value is treated as NIL.
Other house is obtained on loan. Though it was remain vacant but can be treated as deemed to be let out and Annual Value is what is Rent Receivale. Out of that Loan interest is deductable and the net loss out of that house is adjustable aganist salary income.
CAclubindia
