Home loan or auto loan
This query is : Resolved
10 November 2011
suppose i have home loan of50 k for the 10 years , how i will get benefit for my income tax return, for how may years. interest paid on loan is consider if it is consider how will be treated
10 November 2011
Interest Paid each year on home loan allowed as deduction under House property head, restricted to 150000/- per year.
Principal amount repaid each year allowed as deduction under 80C, restricted to 100000/- per year,
Principal amount repaid each year allowed as deduction under 80C, restricted to 100000/- per year,
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