yes ,you are eligible for both interest on loan and repayment of loan in case of more than one house also .there is no bar in income tax act for houses.for self occupied house limit of interest per annum is 150000 but for let out house there is no limit if you have more than house and you have occupied them than you can only show one house as self occupied according to your choice and other house will deemed to be let out .so go ahead you can claim tax benefit for any number of houses.More than one house building loan eligible for income tax rebate?
No, Only Single home loan is eligible for INcome tax rebate.More than one house building loan eligible for income tax rebate?
Mr.Rajbabu's answer is correct.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment