Tax on hp
taken loan 50 lakh and paid interest 2 lakh interest 2nd case wothout loan purchase hp at 50 lakh plz gv tax implication
Replies (3)
when you taken loan intrest paid - intrest is less from hp income and principal payment is shown in deduction u/s 80c .
without loan it is add in your balance sheet
Which is more beneficial to ho for loan or not
to taken loan is beneficial for you because the principal and intrest amount is used as deduction
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