interest deduction on house property

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amit

amit (Querist)
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20 January 2011 i to show mumbai flat as deemed to be let out and on deduction of HRA.

Guest

Guest (Expert)

20 January 2011 Do you want to show false rent?

amit

amit (Querist)
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21 January 2011 what do you advice. In the current

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Bhargav

Bhargav (Expert)
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21 January 2011 if you are occupying both houses, you can show one of them as selfoccupied and other as let out.. you need to pay tax on the muncipal valuation of the house deemed to be let out..

as regards HRA, you can claim only if u r staying in a rented house.. if u stay in own house hra exemption cant be availed