Two housing loan Interest Benefit

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Chartered accountant
70 Points Posted on 20 February 2024

Can a Individual claim two housing loan interest at a same time?

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On 20 February 2024 at 14:05 Report
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Quick Summary
This discussion clarifies whether an individual can claim tax benefits on the interest paid for two separate housing loans at the same time. Generally, it's not possible to claim benefits for both if you occupy both properties. However, if both properties are let out, you can indeed claim the interest expenses for both housing loans.

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Profession
28271 Points Posted on 20 February 2024
No not possible
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On 20 February 2024 at 18:15
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Accountant & CA Final Student
320 Points Posted on 21 February 2024
Pls refer below link

https://www.indiabullshomeloans.com/amp-blog/tax-benefits-of-a-second-home-loan
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On 21 February 2024 at 11:13
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Profession
28271 Points Posted on 21 February 2024
Two housing loan interest benefit
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On 21 February 2024 at 12:33
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CA ipcc
449 Points Posted on 22 February 2024
If both the properties are let out then yes
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On 22 February 2024 at 17:23
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Chartered Accountant
86505 Points Posted on 25 February 2024
You can claim Interest expenses for both loan
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On 25 February 2024 at 18:35

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