Hi Team,
In a New Tax regime, do income from let-out property including rent and interest is eligible for tax exemption under section 24 ?
I know that for self occupied property is not eligible but have a quaery for let-out property can be consider for deduction ?
Pls share your thoughts and reference documents.
Yes, under the New Tax Regime, interest on home loans for let-out properties is eligible for tax exemption under Section 24 of the Income Tax Act.
Hi Dhirajlal
Pls share any verified URLs and references so i can share with Employer and made the necessary changes.
can emplyoee can claim the exemption with employer or we need to claim it during the personal ITR ?
Always better to get it availed through the employer. If missed, it can be claimed while filing ITR but CPC may require verification.
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