I had purchased an under construction Flat with loan of 30 lacs in Indirapuram, Ghaziabad in Year 2011 for which I got possession in June,2015.
I am staying on rent in East Delhi and claiming HRA rebate.
- If I rent out Indirapuram Flat, can I claim Income tax rebate on Interest part of the housing loan as well as HRA rebate?
- Can I also claim Income Tax rebate for the loan interest paid during 2011 till March'2015 in 5 years for the rented property?
- Will there be any limit on Income Tax rebate for interest on housing loan for rental property ?