Posts Tagged ‘second home loan benefit’

Second Home Loan Tax Implication and Benefit

Second Home Loan Tax Implication and Benefit

In 2011, my friend had taken a home loan for buying a home in Bangalore. The home loan amount was 15 Lakh tenure was 20 years and EMI was Rs.14976. He got transferred to Mumbai before two years. He could have sold the old house and purchased a new house at Mumbai. But, he decided to purchase another house instead of renting. He has taken a second home loan of Rs 15 lakh for 20 years, for which EMI is […]