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Q.

I am a Tax payee _ income from salary under Tax bracket of 30 %. I have taken housing loan from a bank,purchased a flat in the city I am posted and residing therein.

Furhter, I have been alloted a plot of land by Greater Noida Industrial Development Authority and paid amount _financed by the bank.

Shall I claim Income Tax benefit of both the housing loans.

About: How new tax code will hit savings schemes

Asked by Nand Kishore, 26 Oct '09 04:48 pm
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Answers (2)

1.

Honesty is best policy.
Answered by Anand Agarwal, 30 Oct '09 09:09 pm

 
  
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2.

Number one ....getting two housing loans simaltaneously is wrong ....you certainly have submitted some incorrect information to GNIDA and NO you ca not have tax benefits from both.
Answered by indrajeet, 26 Oct '09 05:20 pm

 
  
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