POSTED BY July 2, 2012 3:09 pm ONE COMMENTON
I am a salaried employee in Mumbai staying in rented house. I claim tax benefit on the house rent paid.
Following are my queries.
1. How is tax exemption work in case i take a loan for purchasing a property in another city?
2. How is tax exemption work in case i take a loan for purchasing an apartment (ready to occupy/second hand) in another city?
3. How the answers to the above vary if DTC is in place?
4. What is the implication on the loan taken now once the DTC gets in place?