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

Reduce tax: If you have any ongoing home loan for your house property then you can claim this interest as loss and set off this loss with other incomes. However as per section 115 BAC, set-off of current year house property loss shall not be available against any other head of income under the new tax regime.

from Tax-Wealth-Economic Times https://ift.tt/4o3dB2i