Tax rebate under sec 80C & section 24

[Rajesh Patil]

Dear All,

My friend has total three properties. Details are as follows

Property Particular

1. No Loan (Self Occupied)
2. Housing Loan (On Rent)
3. Housing Loan (Under Construction)

The questions is can he get tax rebate under sec 80C & section 24 of both the loan

Regards,

Rajesh Patil

AI Summary

Tax Deductions Explained: Section 80C & 24 Apply to Rented Property Loan; Under-Construction Deductions Post-Possession Only. An individual inquired about tax rebates under sections 80C and 24 for three properties: one self-occupied without a loan, one rented with a housing loan, and one under construction with a housing loan. The response clarified that tax deductions are available for the rented property with a loan under both sections. However, for the under-construction property, deductions are only applicable after possession is taken.