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Home loan exemption for improvement / renovation/repair

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(Querist)
18 January 2017 Sir If I take home loan for Repairs/Improvement/Renovation what are the tax benifits can I avail?
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CA Suresh Jain

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CA Suresh Jain (Expert)
18 January 2017 You can claim interest deduction u/s. 24(b). If property is self occupied property and the only property then 2.50 lakh. In other case full interest deduction. Deduction for repayment of loan taken for repairing is not available.
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