banner_ad

Housing loan

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 January 2015 i am an employee of LIC OF INDIA , i have an option to take HFL LOAN FOR A concession rate of interest from our LICHFL this is called CADRE LOAN .
1.) I have taken housing loan of rs 1800000/- for an apartment flat for a period of 14years in non cadre loan ie., General loan from LICHFL .registration charges was 115000/-. emi = 19792/-pm.
2.)i am planning to construct a house with LIC employee cadre loan of Rs 1200000/- ie., concession rate of interest from LICHFL

two housing loans what is the effect in incometax returns
Sir please guide me how to show the emi of two housing loans and registration charges in my income tax returns.
Profile Image

shivaji prasad bhimavarapu

Profile Image

shivaji prasad bhimavarapu (Expert)
26 January 2015 Interest on borrowed capital is a deductible expenditure for Income from House Property.So you can claim the interest on both the housing loans.Only thing is out of the two houses, only one house can be self occupied, if not given for rent.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details