Hi,
Recently I purchased a new home which is under construction. Currently I am staying in old house for which I had taken loan but cleared total loan last Financial year 2010-11.
For new house I have taken a fresh loan of 30 Lacs from LIC housing finance and EMIs already started.
I have to submit a declaration for Income tax for year 2011-12. Please let me know how much amount I can claim and under what section.
Regards
Raju Khose