Interest on housing loan

This query is : Resolved

CA. Mala Rohara (Querist)
Follow

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.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
Follow

28 February 2017 Yes deduction will be available u/s 80C for second house loan since the section nowhere restricts the same.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Aayushi Chauhan

prakash takane

venkateswara reddy

Thanwar Chhatwani

R Prabhudoss

Subscribe Now

Interest on housing loan

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

CA Final

Accountant

GST CONSULTANT

GST CONSULTANCY