MASTHAN (Self employeed) 05 December 2015

Income tax benefit on second home loan

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

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

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 05 December 2015

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

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 05 December 2015

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