Deduction under section 24

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Dear sir,

I have constructed a house taking a housing loan from State Bank of India during 2006.  Subsequently in order to carryout some repair and modification I have availed another loan from Pondicherry Gazetted Officers Co-operative Credit society during 2012. Can I claim under section 24 of the Income Tax Act, Interest exemption for both these loans up to Rs.150000 (including interest exemption for repair and modification not exceeding Rs.30000) .

Please clarify on these matters.

Replies (1)

u can take exemption of interset on loan taken for construction or purchase upto Rs.150000 taking together all loans n upto 30000 for loan taken for repair maintenance


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