POSTED BY June 8, 2014 5:30 pm NO COMMENTSON
I am a salaried employee in X city and leaving in rental house in the same city. In the FYI 2011-12 have taken home loan and built up a house in my home town (Say in Y city) which is 50 km. far from X city.
Rent I am paying in X city is 20k and home loan for Y city house is 10k (5k Interest + 5k Principal) where my parents are leaving now.
Is it possible to take tax benefit of both HRA exemption on X city house and Home loan benefit on Y city house ?
Also I am planning to buy another house in X city where currently I am leaving in rented house and will continue in rented house while planning to rent out both of my house which is in X & Y city and for both I am having home loan.
In this case, how can I get maximum tax benefit?
Thanks in advance.