Home loan
This query is : Resolved
10 April 2016
In case of purchasing a second home, I have following doubt
Assume the following conditions:
1. loan on my first home is not yet over
2. the second home loan is taken as mortage loan against another property
Can I claim interest/principal deduction on both these loans ?
Assume the following conditions:
1. loan on my first home is not yet over
2. the second home loan is taken as mortage loan against another property
Can I claim interest/principal deduction on both these loans ?
10 April 2016
1 . home loan taken for first house you can claim
both interest and principal
2. Second home you have to declare income from.
HP , mortgage loan taken for construction of
second house only interest can be claimed.
Principal not eligible to claim
both interest and principal
2. Second home you have to declare income from.
HP , mortgage loan taken for construction of
second house only interest can be claimed.
Principal not eligible to claim
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