As per the current rules applicants looking at second home loan should note that under section 80 C the home loan principal is not eligible for deduction In the case of interest deduction for a second home or any number of additional homes after the first the maximum exemption is capped at either 2 lakhs or the actual interest payment whichever is lower

As per the current rules, applicants looking at second home loan should note that under section 80 C, the home loan principal is not eligible for deduction. In the case of interest deduction, for a second home or any number of additional homes after the first, the maximum exemption is capped at either 2 lakhs or the actual interest payment, whichever is lower.
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