Commercial property loan tax relief

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  1. rakno

    rakno New Member

    Hi I am salaried and planning to buy a commercial property in Pune. I will have to take about 1.2 cr loan and emi would 1.3L emi. The expected rent would be about 60 - 70k per month.

    With above month numbers, yearly I would be paying about 12L of loan interest (initially) and rental income of 7.2L.
    What are the tax relieves I can opt for? Will there be any reduction tax on salaried income?
     
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