Housing loan deductions

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Dear Friends

can a person can claim interest  & principal on 2 housing loans for the same self occupied property

Replies (2)

well i dont think u can claim for two at a time.. but for interest deduction of 24(b) will be allowed and for principal payment u will get 80(C) decution.. will be pleased if anyone would hightlight the same..

u can claim deduction for interest  & principal on 2 housing loans for the same self occupied property provided both loans are taken for the purchase or construction of same hp.

interest deduction u/s 24{b} will be restricted to  1,50,000

80c will be restricted to 1 lakh
 


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