Thanks Sir,
One more query..
Person has got 2 properties. one which was 1 bhk was rented for the entire year. another which is 2 bhk was rented for only 4 month. during this 4 month owner was residing in a rented house for employement purpose. but after 4 month he shifted to his own house hence for rest of 8 month it was self occupied. Assesse is paying interest on this house more than 1.5 lacs.
Now please let me know if below treatment is correct or not.
for 4 month asessee will claim HRA exemption. 2 bhk house in which he was residing for rest of the year will be treated as let out property for the entire year and full exemption will be taken u/s 24 of standard deduction and entire interest on housing loan i.e. if he is paying even 3 lacs as interest it will be available for deduction. Income from this house will be treated for the entire year and not for lnly 4 months.
Please let me know if above treatment is correct or not.