D
Dev Khanna
posted on 11 MayAm I missing out on property tax savings?
**Section 24 interest deduction for rented property is key.** No upper limit on interest deduction. Many miss this tax hack. How do you maximize savings?
#tax-benefits#chandigarh-investment#rental-income#section-24#property-tax
Comments
Wow, this is huge! I thought the Section 24 limit was always 2 lakhs. Are you saying for rented property, the interest component is fully deductible? I'm looking at a 2BHK in New Chandigarh and the EMI is going to be hefty. This could be a game-changer for my budget. Can someone confirm this, please? What's the catch?
Haan bhai, it's true! For self-occupied, it's 2 lakhs. But if you rent it out, the