Dear Sir,
Can I take second Home Loan, when my home loan is continued?
If yes, Can I get the tax benefit for both the loan under Housing Loan?
If, I can get the tax benefit, then please give me the notification no. for the same.
Please guide me.
Menu
Home Loan
Replies (2)
You can take Second Home Loan, subject to condition that Bank grants you the same & you have additional Re-payment capacity,
Yes, You can get rebate u/s 80C (Maximum aggregate repayment permissible will be Rs. 1,00,000/-)
U/s 24(b) you get Max allowable interest payment upto Rs,1,50,000/- for Self-occupied House Property & for Second House Property if Rented.
You can take a second home loan
but max interest benefit for Self occupied property is - Rs.150000
no limit for rented property
Max principle payment benefit - Rs.100000 under section 80C
Recent Threads
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
- TDS - requirement of TDS by individual under presu
- Normal Register in GST in delhi in gujarat no rece
Related Threads
CAclubindia
