POSTED BY January 2, 2015 11:58 am ONE COMMENTON
I have my First property in my home town for which the loan is closed few years back and occupied by my parents(no rent received). Last year I have taken 2nd property at my work place which is under construction. When I will get it, i plan to stay in the 2nd house. Since I do not have any rental income both the cases, do i need to show rental income for the first property? Is there any way out to get a tax examption?
Please helpme with your valuable thoughts!