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Housing loan deduction

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(Querist)
11 July 2012 an assessee tooks a housing loan of rs. 3000000 in the f.y. 08-09. he paid 25000 rs as an interest in the f.y. 11-12. in the f.y. 11-12 he takes another loan for the same house of rs 6000000. he pays 75000 thousand as an interest in the f.y. 11-12. how much deduction he gets in the f.y.11-12.
100000 or 55000. plz suggest with explanation
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HRIDAYNATH PATRA

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HRIDAYNATH PATRA (Expert)
11 July 2012 Deduction for interest for the FY 2011-12 would be Rs. 55,000/-.

Explanation:
Sencond loan is for reconstruction (as you said loan for the same house), hence higher deduction of Rs. 150,000 can not be claimed. (Refer circular no. 8/2007 dated 05/12/2007
First loan has been taken before 01/04/1999, hence maximum Rs. 30,000 would be admissible as interest u/s 24.
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