Housing loan deductions
This query is : Resolved
16 September 2012
Dear sir,
can a person can claim interest & principal on 2 housing loans for the same self occupied property
can a person can claim interest & principal on 2 housing loans for the same self occupied property
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
16 September 2012
Lender need not be different banks.
16 September 2012
Yes sir i agree with you lender need not be different banks
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