Housing loan tax benefit
This query is : Resolved
29 December 2015
Can I get tax benefit if loan amount is more than 25 lac and home value of more than 40 lac?
29 December 2015
Yes, IF Home Loan is taken for Construction or Buying , you can take Benefit Rs.150000/- on Principal under 80C & 200000/- Interest under House property if it is SOP, For Rented Premises 100% interest which you paid to bank is eligible.
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