POSTED BY September 15, 2013 2:51 pm COMMENTS (2)
ONHi,
I read in the internet saying in the last budget, it was announced that for home loans <=25L, tax exemption would be 3.5 L (2.5L on interest + 1L on principal)
Against home loans of >25L, tax exemption would be 2.5 L (1.5L on interest + 1L on principal repay)
But when I check with most of my friends, they are unaware
Can somebody shed some light on this part ?
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Dear Gurudasan, just to add in dear Manish’s reply, this extra benefit is for current Fy only & there is no surely that next year also you ‘ll get the same benefit.
thanks
Ashal
Yes, what you said is true . But the cost of house should be less than 40 lacs for this condition to be true. !
Manish