* I am owning a house in Pune - I have taken home loan for it and availing tax benefit.
* I am staying in chennai in rented flat.
* I am planning to buy a flat in Chennai and want to give it for rent.
Question 1:
Can I avail tax benefits on 2nd flat which I am going to buy in Chennai?
If interest component for new flat that I am going to purchase is 2 Lakhs, will this total amount become tax free?
Question 2:
Can I avail tax benefits on 2nd flat, if I move to new flat?
CAclubindia
