Deduction u/s. 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 December 2011
Can an Individual claim the benefit of Home Loan repayment u/s. 24(b) & 80C for two home loans.
Is there any provision which says one can get only one Home loan.
Is there any provision which says one can get only one Home loan.
11 December 2011
within the limit, any number of house loan is allowed
11 December 2011
Yes you can deduct interest u/s 24(b) and repayment u/s 80c if there are two loans. Merge interest and repayment of two loans. but within limit - deduction
11 December 2011
Yes you can claim interest(Maximum Rs.1.5 Lakh) and repayment amount(Maximum Rs. 1 Lakh) for both the house but total amount should be within maximum limit and at list one house would be shown as rented.
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
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