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Interest paid on second home loan

This query is : Resolved 
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(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


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Nitin Jadhav
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
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
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Nitin S. Jadhav

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Nitin S. Jadhav (Querist)
25 July 2012 Thank You Mr. Siddharth
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