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Home loan exemption


17 March 2015 Dear All,
I have two Home and both secured in Home Loan.
Please tell me which amount exempt under Income Tax.
u/s 24 and u/s 80c

17 March 2015 Both are eligible.Subject to the ceiling limit as mentioned from the respective sections.

17 March 2015 But Moksha Kalyan sir i am not living in both home . and respective section says that
Under 80c both principal amount are exempt.
but
under sec 24, if more than one home so one is self occupied and second is let out property.

If assume one is self occupied. it is ok.
but
second assume is let out than what about rentable value.




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