POSTED BY April 26, 2014 10:17 pm COMMENTS (2)ON
I jointly own a house ’A’ in Mumbai, with my mother. For job purpose i have to stay in a rented place ’B’ closer to my office but the rest of my family along with my mother stay at ’A’. I also have a home loan going on ’A’. so my question is :
1. Can i show ’A’ as self occupied even though i am not residing in it but the joint owner is ??
2. Can i claim the Income tax benefit on home loan interest (no upper limit) u/s 24 A ??
3. Also, Can i claim HRA for the rent i’m paying for ’B’ ??
Thanks in advance.