Dear group,
I need some suggestion/advice on home loan income tax.
I stay in my "self occupied home", which has no loan pending.
Also, I have booked a flat in an apartment for which I intent to take loan only if it gives me income tax advantage. I understand that I will not be able to take income tax advantage of "self occupied property" for this flat as I don't plan to stay here. However, I might give this flat for rent and hence I wanted to check if I can avaial tax benefit under "let out property".
In other words, can I avail income tax benefit under "let out property" without availing anything under "self occupied property"
Pleases give me any other advice you think that makes sense in my case.
Thanks, Pradeep
CAclubindia
