Suhash Guha (ASSISTANT DIRECTOR) 14 November 2013
Can a person claim deduction u/s 10(13A) of income tax act if his owned house remains vacant and he stays in a rented house? Both the house and rented flat are in same city and the vacant house property is under house building loan with interest of Rs.100000 for the current year
R RAJAGOPALAN (ADVOCATE) 15 November 2013
YOUR QUERY: Can a person claim deduction u/s 10(13A) of income tax act if his owned house remains vacant and he stays in a rented house? Both the house and rented flat are in same city and the vacant house property is under house building loan with interest of Rs.100000 for the current year.
REPLY: Deduction under S.10(13A) can be claimed. But no exemption under S.24(2) is admissible in respect of the own house, vacant but in the same town.
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