Is it possible to claim tax rebate on two home loans of same property?



I have already purchased a home by taking a loan from SBI. I am also claiming the tax benefits for the same (Loss from house property). Now I am availing one more loan from the same bank for extension/renovation of the same property. This is having a different account number. Can I club the interest paid in both loans and show the loss from house property. I will still be within Rs.1.5 Lakhs/Annum limit

Is it possible to claim tax rebate on two home loans of same property?
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3 Replies to “Is it possible to claim tax rebate on two home loans of same property?”

  1. Yes U can,But I am not sure if Tax rebate for extension/renovation of the same property is allowed,I know its there for purchase.What do U mean by extension/renovation of the house ?,have
    U occupied or let it out?


  2. Yes u can but the 1.5 L limit has some time conditions attached to it in respect of other than construction loans taken. kindly keep that in consideration as well.






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