Dear Sir(s)
Please clarify my below query. If I buy a new flat in pune in my wife’s name (which will be our second house) and we are self occupying it. Do i get complete tax exemption on the interest paid since it is our 2nd house?
please note that
1. our 1st house which is in chennai is also in my wife’s name.
2. It is not rented out, but my parents are living.
3. The loan we took to built our 1st house has been already completed
With Best Regards,
Poovannan