26 November 2014
Hi, I have recently bought my first house, but I have given it on rent as it is far from where I work. I live in the same city in a rented accommodation. Can I claim the deduction of interest (housing loan) paid for this apartment? Is there a limit on the interest that I can deduct while filing ITR? At most of the places in this forum, there is clear answer for a second house that you have rented. Does the same apply for the first house too?