Can I Claim deduction under section 24 and 80C, if a home loan has been availed for 2 houses?

Yes, a taxpayer can claim deduction under Section 24 of interest paid on home loan for each of the houses separately. However, the overall loss from house property that can be claimed for a year is restricted to Rs 2 lakhs.

As regards 80C deduction, the principal portion of home loan repaid in respect of both houses can be claimed. However within the overall limit of Rs 1,50,000 for each financial year.

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