Hi Experts,
I have a house in Bangalore on which there is no loan amount. I would like to purchase a second home in the same city. I have some queries regarding the tax benefits which I can avail.
Can I get the tax benefits of the loan on second home even without having a loan on my first house. I am not interested in 80C (Rs 1Lac) and 24 (Rs 1.5Lac on interest) tax benefits as I already have my PF and other investments like LIC which takes care of 80C and also under sec 24, the max savings I can get is around Rs 50K when I pay 1.5Lacs as interest.
Pls help me with your expert guidance
CAclubindia
