INCOME TAX18 Sept 2026
Two home loans? You can claim tax benefits on both—but there are limits | Check details | Mint
Good news: India sets no legal limit on how many homes or home loans you can have. Tax benefits, though, come with caps. Under the old regime, interest on self-occupied homes is capped at ₹2 lakh a year combined, and Section 80C principal stays at ₹1.50 lakh. The new regime allows no deduction for self-occupied property interest or principal.
Key Statutory Highlights
- There is no blanket legal or banking rule limiting how many residential properties or home loans an individual can have in India.
- Under the old tax regime, the interest deduction for all self-occupied properties together is limited to ₹2 lakh in a financial year.
- Under the new tax regime, no deduction is allowed for interest on a self-occupied home loan or for principal repayment under Section 80C.
Actionable Advice for Taxpayers / Founders:If you hold or plan multiple home loans, review your property use and chosen tax regime with your CA before claiming interest or principal deductions, since the limits apply across all your loans.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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