Updated Jan 08, 2021 | 06:14 IST
From the financial year 2019-2020 and onwards, income tax rules pertaining to tax benefit on the second property have changed. Here are the details.
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New Delhi: Traditionally, property buying is considered as a good long term investment in India as it provides tax benefit, capital appreciation and rental income. Due to these reasons many people in India buy more than one house property. Typically, people fund these property purchases through a home loan. If you have bought more than one property with home loan then you can get tax benefit on the second property as well. Here’s how you can claim tax benefits on the second or more housing property as per the latest income tax rules.