Deduction of repayment of loan

GOVIND MURLIDHAR KAKADE (PROPRIETOR) (25 Points)

26 July 2011  

THREE RESIDENTIAL FLATS ON ONE FLOOR PURCHASED IN THE NAME OF HUF . TWO HOUSING LOANS WERE RAISED FOR PURCHASE OF ABOVE PROPERTIES.

WHETHER BOTH LOANS ARE ELIGIBLE FOR DEDUCTION OF INTEREST ON HOUSING PROPERTY U/S 24 (a)?

& DEDUCTION FOR REPAYMENT OF PRINCIPAL OF LOAN?