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

     (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

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

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