Interest paid on second home loan
This query is : Resolved
Nitin S. Jadhav
(Querist)
25 July 2012
Hi,
I have taken two housing loans. Can i cliam 80-C and interest benefit for both these loans? What would be elegible amount for interest deduction
Regards
Nitin Jadhav
I have taken two housing loans. Can i cliam 80-C and interest benefit for both these loans? What would be elegible amount for interest deduction
Regards
Nitin Jadhav
25 July 2012
Yes benefit will be allowed for both the housing loans.
If there are 2 different HOUSE PROPERTY, you will have to show one as self occupied & the other as deemed to be let out.
Interest deduction:
In respect of self occupied - Rs. 1.5 lakhs
In respect of deemed to be let out - No limit
If there are 2 different HOUSE PROPERTY, you will have to show one as self occupied & the other as deemed to be let out.
Interest deduction:
In respect of self occupied - Rs. 1.5 lakhs
In respect of deemed to be let out - No limit
Nitin S. Jadhav
(Querist)
25 July 2012
Thank You Mr. Siddharth
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