Home loan interest advantage in new tax regime: You can reduce your income tax by claiming loss but only on this type of house property

If you have an ongoing home loan and are looking to reduce your net tax outgo, it is advisable to claim a loss from house property. By doing so, you can offset this loss against your other incomes, potentially lowering your overall taxable income and reducing your total tax burden. Our Partner Kunal Savani shares his views on this in an article published by The Economic Times. (Photo Credit: The Economic Times)