Income tax benefit on second home loan

Self employeed

Hi All,

1. I am working in Bangalore and staying in RENTED house

2. I bought home loan in 2012 and bought a INDEPENDENT HOUSE in KURNOOL (Andhra Pradesh) and gave it for rent.

3. (a) I am claiming my HRA and

    (b) showing the rental income and

     (c) claiming the tax benefit on the interst that I am paying to home loan

4. Now I am planning to take second home loan for construction FIRST FLOOR in the same house which I bought in 2012 using first home loan.

5. similar to first home loan, shall I claim second home loan INTERST also for tax benefit?

Thanks,

Masthan

 

 

 

 
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Lawyer in Hyderabad.wats app no.9989324294

You can claim interest upto prescribed limit. in the law.

 
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Lawyer in Hyderabad.wats app no.9989324294

You can claim interest upto prescribed limit. in the law.

 
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