Query on investment

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

03 August 2014 My CTC - 22 lacs P.a
Current Homeloan for one flat- 75 lacs (i.e 75k EMI)

Which is the Best tax saving option.

Option1.
Show this as a primary flat and get rebate of 2lacs towards interest and 1 lac on principal

option2.
Invest in another small 1RK,show this as primary flat. The other flat which has 75K as EMI , show it as secondary flat and get the interest as Non taxable

PLs suggest

Querist : Anonymous

Querist : Anonymous (Querist)

06 August 2014
Pls suggest