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Interest on housing loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 October 2011 If i have taken loan for purchase of an house property & in order to repay the same i have taken another loan. So can i get deduction on interest on both loans? as well as deduction u/s 80c for repayment of both loans?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
31 October 2011 yes.you can take deduction for 2nd loan also. but it will not be a double deduction for same amount
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