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House property interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 May 2013 Assessee is having two housing loans for one self occupied property. Can he claim interest on borrowed capital for these two loans u/s 24(b) for Rs.1,50,000/- and Rs.30,000..Pls help..
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CA rohit swami

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CA rohit swami (Expert)
15 May 2013 U/S 24(B) LIMITS ARE OVERALL LIMIT. SO UP TO 150000/- YOU CAN GET DEDUCTION, FOR TWO OR MANY LOANS YOU HAVE.
LIMIT BIND YOU IN THIS SECTION NOT LOANS NO.
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