I AM ALREADY HAVING HOUSING LOAN ON ONE PROPERTY AND INTEREST ON HSG. LOAN IS CLAIMED AS DEDUCTION U/S. 24 OF INCOME TAX ACT. NOW CAN I GET ADDITIONAL DEDUCTION ON SECOND HOUSING LOAN FOR NEW HOUSE PROPERTY PURCHASED BY ME? WHETHER BOTH INTEREST AND PRINCIPAL REPAYMENT ON BOTH LOANS CAN BE CLAIMED AS DEDUCTION U/S. 24 OF INCOME TAX ACT. PLEASE BRIEF.
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Housing loan interest deduction
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Sir I think interest paid will be available on each property under section 24 upto the limit specified. Regards
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