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Home Loan benefit more then a time

Tax queries 249 views 4 replies

I am a salaried individual and have already availed home loan benefit once under IT. Later I sold the house 10 years back and presently residing in a rented house. Now I am planning to buy a house again and want to know can I avail home loan benefits under IT again?

Replies (4)

Yes you can claim home loan benefits

Yes, you can... there's no bar for claiming deduction for interest on borrowed capital subject to the limit of rs. 200000
Yes can claim only if you choose Old Tax Regime
Yes certainly


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