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Housing loan deductions

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(Querist)
16 September 2012 Dear sir,
can a person can claim interest & principal on 2 housing loans for the same self occupied property
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
16 September 2012 Yes it can be claimed if loans have been taken from two different banks for the same self occupied property. For Principal Amount deduction under sec 80C upto Rs. 1lac and for interest sec 24 upto Rs.1.5 lacs
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 September 2012 Lender need not be different banks.
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
16 September 2012 Yes sir i agree with you lender need not be different banks

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