https://www.themoneyquest.com/2008/10/4-ways-to-get-hra-exemption-along-with.html
this article will clear your doubt.
Home Loan Interest + Rental Income Treatment
Page no : 2
Narendra Kumar.S.S
(Engineer)
(23 Points)
Replied 08 July 2010
Sir,
I have taken a housing loan from HSBC and paying regular EMI.
In this house, I have 2 portions.
One portion is given out for rent and we live in the other portion.
If the house is given out for rent, then the entire interest amount can be claimed as deduction under "Loss from house property" (it is 1.5 Lakhs for self occupied properties).
Now, in my case (where part of the house is rented out), can I also claim entire interest for deduction?
Can you point me to the right section in the IT Law which clarifies this?
Regards,
Narendra
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