Can I claim tax exemption for two home loans?

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  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.
     
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