Benefit on second house capped

FM has capped the interest a borrower could deduct on buying a second home to Rs 2 lakh in a FY

The government has provided relief while selling property by bringing down the holding period for long-term capital gains tax. It has pared the benefit provided on buying a second house. The finance minister has capped the interest a borrower could deduct on buying a second home to Rs 2 lakh in a financial year. Earlier, a buyer could deduct the entire interest paid on the home loan.
 
Say, you bought a second property with a home loan, where your interest outgo in the first year is  Rs 10 lakh. Assume you are earning Rs 4 lakh as rent from