Interest on housing loan
This query is : Resolved
CA. Mala Rohara
(Querist)
27 February 2017
Is deduction on interest on housing loan available on purchase of second house.First house was purchased and housing loan was taken. Interest on housing loan deduction was availing by assessee. Now this HL fully repaid and assesee purchased second house and housing loan is taken thereon. Assessee wants to claim deduction on second HL.Is deduction allowed for second house also.
28 February 2017
Yes deduction will be available u/s 80C for second house loan since the section nowhere restricts the same.
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