Home loan for extention
This query is : Resolved
10 March 2014
SIR, i had taken a home loan in 2005 of rs.5 lacs jointly with my spouse and paid all the amount in this month. Now i am willing to construct first floor after taking home loan for extension of house. Can i claim income tax benefit under section 24 for interest upto rs.150000?
Nikhil Kaushik
(Expert)
10 March 2014
yes you can do so...even 80c deduction on principal repayment shall be allowed.
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