POSTED BY November 15, 2012 5:31 pm COMMENTS (4)ON
I own a house in chennai (Home-A), and currently I am residing there. And I have another house in chennai (Home-B). Currenty it is vacant.
I am not claiming HRA part. I can claim Principal component for max. 1 Lakh and Interest component for max 1.5 Lakh for the home loan if it is occupied by me.
From this forum I came to know that we can claim the full interest component if the flat is given for rent. But in my case it is vacant.
What is the minimum Notional Rental Income (in chennai) I can show, so that I can get the tax benefit for the full interest component?