Tax exemption for 2 home loans one closed & other open in same year

Share
Share This Thread
  1. mahesh6ag

    mahesh6ag New Member

    Dear Tax Experts

    Happy new year to all of you!!
    I would like to know how to claim tax exemption for 2 home loan, but at a time only one is running.
    My first home loan ended in Sep-2014, with the last EMI deposited, & the Second home loan started just next month from October-2014.

    As at a time only one loan is running, shall I add the principal & interest of both the home loans & claim for exemption using ITR-1.
    Princial (HL1) + Principal (HL2) = Total Principal
    Interest (Hl1) + Interest(HL2) = Total Interest.

    OR I need to avail Exemption filing as 2nd home loan separately using ITR-2.
    Please advice me, would appreciate your urgent advice.
    Regards
    Mahesh
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Interest exemption of home loan Income Tax Mar 2, 2018
Home loan interest exemption Income Tax May 3, 2017
Does Home loan prepayment come under 80 c exemption Income Tax Aug 2, 2016
Home Loan- Claiming Tax Exemption - Co-Borrower Income Tax Jul 27, 2016
Home loan Interest exemption under 80EE Income Tax Jul 8, 2016