18 December 2010
please note . x has buy a home by taking loan of Rs.15 lacs and give it to rent of Rs.5000/- per month. and he his-self staying at rented home and paying rent Rs.11000/-
now he filed his income tax return and he shown Rs.5000/- as income from house property.and claming HRA as wel as housing loan interest rebate of Rs.150000/- u/s 24 too.
the question is: can x enjoy both HRA & Loan interest relief like that ?