Home Loan for second home

I have already a home where I stay. This was bought by taking a loan and has been paid fully. Now I am buying another home with a loan. How this loan interest will be treated in my income tax calculation?

asked Jun 07 '14 at 18:58 by Nirmal 11


You would get tax benefit for second home loan too. As such there is no limit on how many houses you buy to avail tax benefit.

answered Jun 07 '14 at 22:26 by Pankaj Batra 5.2k320

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Asked: Jun 07 '14 at 18:58

Seen: 1,401 times

Last updated: Jun 07 '14 at 22:26