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Two Home Loans

Hello Sir,

i brought 1 home in 2006 and i am claiming Home loan for that. 

in 2012 i and my wife brought 2nd home both are co owners and co applicants. we are planning to occupy the 2nd home this may. 1st home will be given for rent.

can you please suggest the benefits and tax implications.

 

Thanks,

Sridhar

 

 

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