Home loan
Querist : Anonymous
Will i get any deduction under I Tax Act from this Home loan & its Interest?
Pl Advice.
Thanks
2. You will get the deduction for principal amount if the co-operative society is engaged in the business of financing the construction of houses.
But the total home loan amount will not be given as deduction. The amount which is paid only will be allowed as deduction subjected to a max cap of Rs. 100,000 (assuming no other deductions claimed under 80C).
Querist : Anonymous
Querist : Anonymous
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