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Loan

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(Querist)
24 June 2014 we took loan of 12lakhs @ 10.25 interst for construction of house whose value 39lakhs and emi is 27500 and we already own one house can we get any deduction or exmpetion frm tax
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
24 June 2014 you can get deduction under 80c and section 24...but no deducted under 80ee.
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Rupesh Jain

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Rupesh Jain (Expert)
25 June 2014 you can take intt exemption u/s 24(b) and loan repayment amount u/s 80C.
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