Can I get Tax exemption on rent received on my house ?

POSTED BY sateesh89 ON December 31, 2013 11:00 am ONE COMMENT

Hi,

I have taken home loan from SBI and constructed house in my home town.I am availing the tax exemption on interest and principle amount paid for home loan.

I am staying in bangalore in a rented house and claiming HRA for that.

I rented out the house in my home town. I came to know I can avail tax exemption on the rent i recieved from my house in home town. Read some thing on net but not understood properly. Can any one tell me in simple way how can i save on that?

Thanks in Advance
Kumar

One reply on this article “Can I get Tax exemption on rent received on my house ?”

  1. ashalanshu says:

    Dear Kumar, can you quote the actual numbers for interest payment, rent received, property tax paid to municipal authorities?

    Thanks

    Ashal

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