06 April 2011
Hi, I am leaving at Mumbai on Rent and wroking salary Person. i have taken house at Delhi on loan. my query is that should i calim House loan amt and Intrest amt as well as HRA Exemption in my Income Tax Return or not.
07 April 2011
pls. see sec. 23(2)(b) of incoem tax according to this section income from one self occupied house property will be calculated if tax payer owns house property, which is actually not accupied by him due to the employement of tax payer at any other place & he is residing in any other building not owned by him & such property is not let out during the year by him and any other benefit is not actually drived by his from such property in that condition he is able to claim housing hoan and intt, amount as well as hra