Rental income adjusting against loan interest

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(Querist)
10 August 2016 Sir / Madam,

I have purchased a house with bank loan and has paid Rs. 150,000/- in FY: 15-16 as interest component of total loan. This property has fetched a Rental Income of Rs. 120,000/- in FY: 15-16.

is there any possibility that I can adjust the rental income against the interest part of loan or what are different ways to save this income.

Regards,
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Amol S Joglekar

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Amol S Joglekar (Expert)
10 August 2016 you can very well claim the interest on housing loan against the rental income.

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