tax exemption on two home loans.

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  1. Joydip De Roy

    Joydip De Roy New Member

    i have purchased a flat with home loan and getting i-tax benefit for the same. Now i am planing to purchase a 2nd flat with 2nd home loan. now my question is that will i get i-tax benefit for the both home loan?
  2. Sumit Agarwal

    Sumit Agarwal Active Member

    Yes for the second one also you would get benefit under 80C and 24(no limit) but your second home would be considered as deemed let out. Under 80C your total benefit would be sum total of 1st home principal + 2nd home principal limits upto 1.5lacs.
  3. Manoj Mehra

    Manoj Mehra Active Member

    Yes, you will get tax benefits for both the home loans.
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