I have one Self Occupied Property I have taken home loan of Rs. 75.00 Lacs. I am paying home loan interest appx 7.50 Lac Per year. I have two options:- 1 I will show deemed rent income and claim entire home loan interest as deduction against my deemed rent income , salary and interest income. 2. I should claim 1.50 Lac as deduction u/s 24 without showing deemed rent.
Which is right. Please let me know. Thanks Shiv Kumar Agrawal
CAclubindia
