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Indian Tax - If I already have a house in my name, can i take a home loan and avail tax benefit?


I have never taken a home loan in the past and the house is both my and my wife's name. It will be very useful if you could send me links to appropriate IT articles

Yes U can. Home loan tax benefits are amount related and not housing units related. You can even avail a home loan, pay it back availing tax benefits, then can always take another home loan and avail home loan tax benfits on that too. The Income Tax Act in India does not impose any conditions in this regard.
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