House property remaining vacant and staying in a rented flat

ASSISTANT DIRECTOR

Can a person claim deduction u/s 10(13A) of income tax act if his owned house remains vacant and he stays in a rented house? Both the house and rented flat are in same city and the vacant house property is under house building loan with interest of Rs.100000 for the current year

 
Reply   
 
ADVOCATE

YOUR QUERY:    Can a person claim deduction u/s 10(13A) of income tax act if his owned house remains vacant and he stays in a rented house? Both the house and rented flat are in same city and the vacant house property is under house building loan with interest of Rs.100000 for the current year.

REPLY: Deduction under S.10(13A) can be claimed. But no exemption under S.24(2) is admissible in respect of the own house, vacant but in the same town.

 
Reply   
 


LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

Search Forum:








×

  LAWyersclubindia Menu