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Annual value - taxability of the property

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....nnual value - taxability of the property<br> Query (Issue) Started By: - rahul kumar Dated:- 5-8-2009 Last Reply Date:- 6-8-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>1.)an individual working in ....

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....a pvt company resides in delhi in a rented house. 2.)he owns a house in delhi which is situated 30km far from his working place.this house was vacant for the complete year(f.y-2008-09) 3.) for the fin....

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....ancial year 2008-09 he received house rent allowance @rs.6000/-p.m and paid rent @ rs.7500/-p.m 4.)for the financial year he paid rs.20000/- as interest on housing loan taken from hdfc now my question....

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.... is-whether he can claim exemption for hra u/s10(13A)and simultaneously deduction u/s 24 from house property income for interst paid on housing loan?whether the annual value of his house property will....

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.... be taken as nil because the house was remeined vacant throughout the year. Reply By Ravi Chopra: The Reply: A house which is own by you but you could not occupied the same due to employment is eligi....

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....ble for self occupied house benefits. But, you need to ascertain that same has not been let out for a single day for the relevant period. Since the employee is living in a rented house, he is entitled....

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.... to HRA benefits. Therefore he can avail both the benefits simultaneously.<br> Discussion Forum - Knowledge Sharing ....