Interest of 2nd home loan

POSTED BY Rajaram ON January 11, 2011 1:29 pm ONE COMMENT

Hi,

I have purchased a new house and it is under construction. Possession will be in Dec-11. I am opting for a new home loan and going to close old home loan.

Whether the interest of new home loan will be taxable? Can I claim it for income tax deduction?

Regards

R.Khose

 

One reply on this article “Interest of 2nd home loan”

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today