07 November 2012
I am already having a joint home loan with my brother and showing it as self occupation.
Now I plan to take another home loan and purchase a flat on my wife's name (she has no income but having a PAN card and never submitted any returns). If I do so will i get incometax benefits or not. I will show this second home as given for rental. The interest paid is limited to 1,50,000/- or unlimited?
CAclubindia
