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Second home property
If two home loans are taken then which can be claimed....first or second or both added up to claim interest rebate of Rs lakhs
Replies (4)
max 200000 lakhs under whichever property that is beneficial to the owner
Ok. Can we add the loan interests of two properties to claim 2lac amount?
yes you can. you have two properties. one of them will be assumed to be self occupied and one will be considered as deemed to be let out. maximum deduction under 24 b is 200000.
better consult an auditor for furthur details or refer section 24 of the income tax act 1961.
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