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


Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text](http://url.com/ "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported



Asked: Jun 07 '14 at 18:58

Seen: 1,652 times

Last updated: Jun 07 '14 at 22:26