Situation dos: If you have let-out your Possessions
As you have now thinking-occupied the house shortly after , you can get typical deduction in your interest percentage also Rs.69,028. The latest cover to have deduction is determined in the Rs.dos lakh annually.
If you decide to let out the property, the procedure to possess prominent amount paid off stays a comparable. But the notice reduced would be completely advertised as the deduction. There is absolutely no cover from Rs.dos lakh on rented assets. To make the journey to your own complete earnings away from house possessions, all of your attract earnings was subtracted from your own local rental money.