Can I claim tax rebate on pre EMI interest of my second home, after I have taken posession.
The house is rented and I am compensating the 70% of the interest income against the paid interest of this year.
But I am not sure, if I can add the PRE EMI interest , same as my first home (splitted in five equal parts) and add to this year interest for cal culating this year's income from house property?
Please suggest
Yes you can add the pre-emi interest to your current interest paid after you get the possession. Also as your house is rented there wont be any ceiling for rebate for interest paid unlike in SOP where ther is a limit of Rs 1.50lacs p.a.
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