POSTED BY June 4, 2013 1:45 pm COMMENTS (4)ON
My question is regarding a second home loan. I am planing to buy a second house in a different city where I am relocating. I already have a home loan on my first house and currently I am staying there.
But going forward I will be staying in the new house and my first house will be still occupied as my parents will be staying there. So in that way I am not putting any house on rent.
To mention that my second home loan EMI will be much higher so I guess I should show my second house as let out.
I want to know how can I claim maximum tax benefit in this scenario.