Income from house property self owned, residig claiming hra

anurag kaushik (Querist) 10 September 2012 This query is : Resolved
A propoert is self owned. Owner is residing and claiming HRA(without rent receipt) for same property from company.

Two questions arise:
1)is the property deemed let out?
2) Is deduction 30% for r & m allowed?
3) Is interest deductible for 1.5 lace or unlimited as in case of let out property?

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B.Chakrapani Warrier (Expert) 11 September 2012
1) No ,since it is self occupied.
2) No ,since annual value is zero.
3) Interest deuction is maximum Rs.1.50 lakhs.

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