Whether deduction in respect of rent paid for house taken on rent and interest paid on house property acquired by loan be taken by assessee who is salaried and working in pune?

tripti singh (Student CA Final ) (46 Points)

16 January 2016  
A salaried assessee working in Pune lives in locality where his office is situated in a rent house and he also has acquired a property in another locality in Pune on loan. My question is whether he is eligible for both deductions 1) Rent paid in case of rented property. 2) Interest on loan paid in case of property acquired on loan in another locality. Please suggest.