Dear Friends
can a person can claim interest & principal on 2 housing loans for the same self occupied property
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Housing loan deductions
Replies (2)
well i dont think u can claim for two at a time.. but for interest deduction of 24(b) will be allowed and for principal payment u will get 80(C) decution.. will be pleased if anyone would hightlight the same..
u can claim deduction for interest & principal on 2 housing loans for the same self occupied property provided both loans are taken for the purchase or construction of same hp.
interest deduction u/s 24{b} will be restricted to 1,50,000
80c will be restricted to 1 lakh
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