i have one house property I want to purchase another one by taking a loan can i claim deduction of interest and principle amount?
instead of having one house property
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Deduction of interest payment and principle payment of housing loan
Replies (5)
Quick Summary
Yes you can... there's no bar
Yes... You can claim deduction in ITR for interest and principle...
Yes u can claim deduction in itr interest amount in house property income and principle amount in 80c
Very write
Yes, you can claim the deduction of principal repayment up to Rs. 1.5 lakhs under section 80C and deduction of interest under section 24B upto Rs. 2 lakhs if you have already own one house.
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