Can One Claim Interest Deduction U/s 24 On Two Home Loans For Same House ?

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Can we avail two loans for the same house and claim deductions towards interest on housing loans. Damian Lobo , Mumbai Section 24 pertains to allowance of deduction from annual value of the house property. Clause (b) of section 24 deals with interest. It states as under 24. Income chargeable under the head Income from…

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About Prashant Thakur
The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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