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Let out Premises
by Vinodh R on Jun 02, 2007 09:30 AM

Hi, I have taken a home-loan for a house in Chennnai and I am employed in Bangalore. Now, I get a deduction of 1.5L on my taxable income. If i declare that i have "Let out" this one to my parents for a nominal rent, can i get more deduction?
~ Vinodh

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Tax-smart housing loans!