As far as your query on tax benefits available for home loan is concerned, please note that the income whic h you earn from letting out any property shall be taxable under the head “Income from House Property”. From the rent received, you will be allowed a deduction of 30 per cent of the rent received. In respect of the interest on loan taken for such let out properties, you can claim the full interest for such loans without any limits under Section 24 whether the property bought is residential or commercial. That said, you will be allowed to set off loss under the head “Income from House Property” only upto Rs. 2 lakh against other income during the current year, and the unabsorbed loss, if any, will be allowed to be carried forward for set off against the income from house property in eight subsequent years.