Hi,
I have two home loans, the 1st home is in different city which is rented out. The second one recently bought and self occupied.
From 1st home i am getting monthly rental of Rs. 9000 and paying property tax of Rs. 1000. The Annual home loan interest is around Rs. 1,00,000
The 2nd home loan annual interest is around 2,50,000.
Let me know how much tax benifit can avail on this.
Thanks,
Senthil