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House Property Deduction Under Section 115BAC

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(Querist)
06 June 2022 Sir,

I have both self Occupied and rented house property income and both are constructed by availing Housing loan. By opting taxation under new regime can I take exemption of interest on house loan repayment in case of rented house property.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 June 2022 Yes, take exemption of interest on house loan repayment in case of rented house property.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
06 June 2022 No exemption available in case of new regime.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
07 June 2022 Such interst deduction allowed.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
07 June 2022 Agreed with Seetharaman Sir, deduction for interest allowed but standard deduction not allowed.

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