POSTED BY April 26, 2014 10:41 am COMMENTS (2)ON
I have a own flat “A” in Mumbai , where my family stays and I stay in rented house “C” in Bangalore where I work. Recently I bought another flat “B”in Mumbai with housing loan. This will be kept vacant, at least for next 1 year.
1. Can I show , house “A” as self occupied
2. claim income tax benefit on housing loan interest (without upper limit), under section 24 on property “B” .
3. At the same time can I claim income tax benefit on HRA as I am paying rent for house “C” in Bangalore.