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Deduction u/s 24(b)

Here is my doubt is can we claim deduction u/s 10(13A) and deduction u/s 24(b) if the assessee is staying in rented house in same city


sundesh kumar

sundesh kumar

CA Inter

7K+

31-Jul-20

95

Answers (6)

Best Answer

Yes. The house will be deemed to be let out.


Suraj Lakhotia

Suraj Lakhotia

Admin

31-Jul-20

Suraj Lakhotia Admin

Yes. The house will be deemed to be let out.

That means NAV won't be zero


Thread Starter

sundesh kumar

sundesh kumar

CA Inter

7K+

31-Jul-20

Sorry, it wont be deemed let out (unless actually let out). It will be self occupied property.


Suraj Lakhotia

Suraj Lakhotia

Admin

01-Aug-20

That means we can claim deduction u/s 10(13A) and deduction u/s 24(b) even if rented house and own properly is in same city?


Thread Starter

sundesh kumar

sundesh kumar

CA Inter

7K+

01-Aug-20

Yes.


Suraj Lakhotia

Suraj Lakhotia

Admin

01-Aug-20

Suraj Lakhotia Admin

Yes.

Thank You Sir.


Thread Starter

sundesh kumar

sundesh kumar

CA Inter

7K+

01-Aug-20

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