POSTED BY May 3, 2014 9:11 am ONE COMMENTON
We stay in a rented flat in Mumbai city (and availing HRA benefit) and intend to continue doing that, considering that being very close to both of our workplace.
I have a flat in the suburb of the city on home loan (and given on rent) and I am availing the tax benefit under the letout scheme.
I intend to buy another flat in some other suburb in Mumbai or in Bangalore and would like to put that also on rent.
Can I claim the tax benefit on this house as well under the “letout scheme (i.e. 100% of the interest paid becomes tax free after considering the actual/notional rental income)”???
In a nutshell – I will not have any self occupied house but 2 houses on letout scheme and myself residing on rent in 3rd and claiming HRA.
Can I do this?