Can I claim tax exemption for two home loans?

Share
Share This Thread
  1. Mahesh Bajjuri

    Mahesh Bajjuri New Member

    Hi ,

    Last year (Feb 2015) I have purchased a house and paying the EMIs for it and recently (march 2016 ) I bought another house on loan .One of these houses will be given for rent and other will be self occupied.

    Can I claim the loan amount for both of them for tax exemption ?
    if yes , what will be the max limit under section 24 as one of them is not self occupied ?
    if no , what is the best way to get maximum tax benefit ?

    Thanks,
    Mahesh
     
  2. Manoj Mehra

    Manoj Mehra Active Member

    Yes, you can claim tax exemption for both the houses.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Whether exemption u/s 54 can be claimed on the basis of a mud structure? Income Tax Nov 27, 2017
Can assessee claim exemption under section 54 for acquisition of more than one house? Income Tax Nov 17, 2017
Am I eligible to claim LTCG exemption under Sec 54? Income Tax Feb 1, 2017
LFA exemption claiming Income Tax Jan 16, 2017
Claiming 80D Exemption Income Tax Dec 30, 2016