May I know if I already have a home on my name (using home loan) but I am living in a rented property. I am a salaried employee, can I put rent receipts and home loan both for IT exemption? And what are the conditions to avail the exemption under both the sections.
If you avail a housing loan for construction of your house and it has completed. You can claim interest on such housing loan as deduction u/s 24. If you are not staying in that city where you house is situated, staying in othe city, take a house for rental purpose, you can claim exexption u/s 13 for rent payment.