second home loan benefits
This query is : Resolved
Sandeep Sharma
(Querist)
05 January 2017
What are the benefits in respect of second home loan availed from bank. I already have 1 home loan where I am availing interest and principal and 80 c benefit
KAVIRAJA ADDANGADI
(Expert)
05 January 2017
If second home is let out you can claim 100% interest paid on rented premises. Principal Subject to maximum 80C i.e. 150000/-
Gokul Sharma
(Expert)
06 January 2017
if Both House is self Occupied then At the Option of Assessee you have to select one house as Let Out.
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