Housing loan
This query is : Resolved
04 August 2011
dear all,
i get a housing loan from 10 year ago which is not fully paid and again i get a second housing loan for reconstruction and up gradation for this house can i get tax benefit u/s. 24b and 80 c from 2nd housing loan.
thanks
i get a housing loan from 10 year ago which is not fully paid and again i get a second housing loan for reconstruction and up gradation for this house can i get tax benefit u/s. 24b and 80 c from 2nd housing loan.
thanks
04 August 2011
both loans are eligible subject to max ceiing in consolidated manner.
04 August 2011
Yes you will get benefit of exemption on both loans u/s 24b & 80C subject to fullfillment of conditions prescribed in IT Act 1961.
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