Hi, I took home loan 3 years back and bought a house in my home town. I have prepaid the loan and closed it now. Now if I buy a second home in a different city, what are the tax exemptions I could avail of? 1. Will interest exemption limit be there or will it be no limit ? 2. Both houses are for self-occupation, but as I understand I have to show one as 'deemed rental income'. Can I have choice in choosing which house to show for this? Thanks for help in advance. asked Mar 26 '15 at 21:18 by Phani R 221●6●7●13 |
answered Mar 29 '15 at 22:22 by Pankaj Batra 5.2k●3●20 |