Additional Construction to an existing House - SOP

Ramakrishna (Financial Executive) (438 Points)

28 November 2007  
Dear Friends, A salaried employee is occupying his own house. He is repaying through EMIs for the housing loan availed by him. Subsequently during the FY in question, he obtains a loan from a financial instituition and constructs an additional portion to his house which is also self occupied by him. Can he avail the benefit of 80C and Section 24 for the principal and interest paid on the second loan? With regards.