Budget 2017

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Question Category : Budget 2017

    • Revised tax exemption on interest on home loan for rented pr

      I have a house in Noida which I have rented out, this is the only house in my name and a first property, I live on rent in Gurgaon. After this budget will the income loss out of rented property (1st house) be capped at 2 lakhs or the rule is for second property only. Will I be able to keep including the pre construction period interest (1/5) to the interest charged for the fiscal as that will increase the total loss beyond 2 lakhs.

      Profile photo of Anuj Saxena Asked By: Anuj Saxena 1 replies 1 helpful answers Last Updated: 2 years ago