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can I avail tax tax deduction benefit on principle repayment on housing loan
How can I get tax deduction benefit on principle repayment on housing loan and interest
Replies (2)
1. Interest portion can be claimed as deduction under sec 24 under Income from house property for Rs 2 lacs
2. Principal portion to be claimed as deduction under 80c upto 1.5 lacs (After completion)
3. 50000 for interest over and above the interest claimed under sec 24 for first time buyers
agreed
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