Home loan in stages

if I build a single floor house satisfying 80EE conditions then rebuild the second floor ,then can I claim principal and interest of second loan too?

since the new tax rules allow for second house.
Replies (3)
Quick Summary
This discussion explores the possibility of claiming tax benefits on home loans when building a house in stages. It clarifies that you can indeed claim deductions for principal and interest on loans for subsequent floors, even if the first floor qualified under Section 80EEA. The conversation confirms that multiple home loans for different stages of construction can be eligible for various tax deductions under different sections of the Income Tax Act.

Yes you can
Yes you can
infact if you have taken home loan and you full filling the condition for 80EE
then also you can claim interest from 2 options as per the limit of the act.
If so, can i build a 960 sq ft ground floor and claim 80EEA, Then rebuild and claim 80EE +principal under 80c and interest u/s 24?

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