Tax benefit for multiple home loans

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Aniruddha sali (Querist)
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28 February 2024 Hi,

I have currently 2 home loans going in my name. One of the properties is self-occupied & other is currently vacant. Interest outgo is more than Rs. 2,00,000 per home loan (even after considering notional rent for second property which is vacant). My question is, if I want to claim tax benefit on the interest paid, will it be 2 Lac for two properties combined or 2 + 2 i.e. 4 Lac for two properties ?

CA.Pujah

CA.Pujah (Expert)
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01 March 2024 Total deduction from interest on home loan is restricted to 2 lakhs, not per house basis. However, u can carry forward it for future years

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