I am regular taxpayer with salary, Interest and Rental income. I have a property which is on rental and has been financed by a housing loan and for which I am currently claim a deduction of interest and principal. The rental from this property is also offered for tax in my tax return.
I am planning to purchase a second property entirely in my HUF entity name but the loan would be in my name. I plan to follow the same process as mentioned above. Is it possible?
CAclubindia
