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Ashok (None)     31 October 2013

Tax exemption on first home loan which is rented out

Hello

I have a query regarding tax exemption on First home loan which is rented out 

If a person has purchased a first house and rented this out (and himself is residing on rent also in different house)

Can person claim tax exemption of full interest from Income tax calculation ?

 

Thanks

 



 1 Replies

Mihir

Mihir (Wealth Manager)     31 October 2013

If flat is let out, the interest deduction available shall be interest actually paid.


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