In India,I own one self-occupied Home & buy 2 homes on home loan & let out both these homes on rent, then how much tax benefit I can get ?
In India, if I own one self occupied Home and buy 2 more homes by taking home loan on both homes and let out both these homes on rent during 2020, then can I show loss from house property for both these homes which is nearly Rs. 9 lakhs (As total interest paid on both home loans is Rs. 14 lakh per year and rent received for both homes together is Rs. 5 lakh per year) and can I adjust these total amount against tax deducted from my salary income ? How much total tax benefit I can get against TDS from my salary income?
Be the first to answer this question.