Can home loan tax income benefit be claimed for self-occupied and let-out properties?
A person is allowed to have maximum of two house properties as self-occupied. In case one occupies more than two house properties for self-occupation, he has to choose any two properties as self-occupied and the rest of the properties are treated as if they have been let out
I have taken home loan for two properties. One is occupied by myself and the second one is given on rent. As I understand that I can claim interest benefit of 2 lakhs on each house separately. Is my understanding correct?