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Housing loan examption

Tax planning 210 views 3 replies

Dear Experts.,

We have purchase a new house (Tenement) in the year 2009, and we have borrow / Loan taken 1st time from the HDFC Bank Ltd. Now we planned to build / Fresh construction on Tenement i.e. 2nd Floor. We have already completed First loan. Now want to know If, I have taken a 2nd Loan for construction of 2nd Floor only for Own purpose then how much exemption got in the Income Tax Act under the head " Interest on hosing  loan " as well as Under section 80C.

 

 

Replies (3)

Under sec. 24b ... upto 30000/- for interest


& no deduction over home-loan principal repayment u/s. 80C.

upto 30,000 For Repair & Renovation

Accept with Dhirajlal Sir. 


CCI Pro

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