reg tax deduction under Housing

jayanthi (homemaker) (46 Points)

12 May 2011  

Once availing housing loan and acquiring the flat, if the flat being rented out, the rental income is considered income. But under this circumstance, will the deduction under sec 24 is still limited to 150000/- or the actuals? Also once housing loan is availed, how is HRA treated? Please assisst