Extension of house loan exemption

ramesh agrawal (business) (179 Points)

22 November 2013  

I had taken a loan for constructing ground floor  self occupied house 4 years ago having a repayment tenure of 10 years. Now I want to construct the first floor of the house also for self occupation. I want to prepay the balance loan  amount and take a fresh house loan. Will I get tax exemption on principal and interest repayment?