tax deduction for second home loan

i claim tax rebate for my first home loan,now i have purchased a under construction property and have gone for a second home loan,can i claim tax rebate (principal ) for the second home loan?

asked Jul 16 '14 at 10:43 by Susanne D 111

You can only avail deduction for principal repayment u/s 80C once possession is taken.

answered Jul 16 '14 at 11:24 by Pankaj Batra 5.2k320


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Asked: Jul 16 '14 at 10:43

Seen: 2,067 times

Last updated: Jul 16 '14 at 11:24