i have borrowed 20 lakhs home loan for my 1st house which i purchased and i have been availing tax benefit for the interest component.
now i am constructing a new house for which i have availed home loan of Rs.25 lakhs from a bank. as per the new budget can i avail exemption on home loan interest on both the loans (2 different properties, 2 different lenders) .
Approx interest on my 1st home loan will be around 1.50 Lakhs and 2nd one 2 lakhs
Pls clarify
CAclubindia
