Is there any income tax relief for renovation of self-occupied house?

I plan to renovate my selfoccupied house. Will I get any income tax relief on the amount spent?
Sumitra Reddy, Hyderabad

Typically, expenses incurred on repairs or renovations of a self-occupied property do not qualify for any tax benefits. To avail benefits, you can take a loan to renovate your house and claim deduction of up to Rs 30,000 in a financial year towards the interest paid. However, borrow only if you think your money can earn more than the borrowing cost.

olmdesk@outlookindia.com