Home loan

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Athif (Querist)
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10 April 2016 In case of purchasing a second home, I have following doubt

Assume the following conditions:
1. loan on my first home is not yet over
2. the second home loan is taken as mortage loan against another property

Can I claim interest/principal deduction on both these loans ?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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10 April 2016 1 . home loan taken for first house you can claim
both interest and principal
2. Second home you have to declare income from.
HP , mortgage loan taken for construction of
second house only interest can be claimed.
Principal not eligible to claim