If I have taken 2 housing loans for construction/purchase of two different houses, am I entitled to deduction of Rs 300,000 or 150,000 under section 24 of the IT Act 1961.
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2 housing loans - 150,000 or 300,000 ?
Replies (1)
deduction of interest on borrowed capital is limited only to rs.150000 in case the same is borrowed for construction or purchase
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