Loan against property income tax benefit

Tax planning 177 views 1 replies

I have a House loan from ICICI Bank on August 2014 Rs. 900000/-. Now I want to Home Loan Balance amount Rs. 630000/-  transferring my existing Home Loan account to another bank. with Home Loan Balance Rs. 630000/-  and additioanl Top Up Rs. 900000/- in Loan Against Proerty (LAP).

Am i eligible for any deduction u/s Income Tax Act....If yes under which head?

Replies (1)
you can avail the benefit of claiming interest paid on home loan u/s 24b as well as principle under 80C.


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