TAX REBATE ON LOAN FOR RENOVATION AND EXTENSION OF HOUSE

POSTED BY RAKESH KUMAR GOEL ON July 3, 2013 5:12 pm ONE COMMENT

Dear Sir,

             I want to avail loan from a bank for renovation and extension of my house.Shall I get the loan from a bank on concessional housing loan rate for this purpose? Secondly, shall I get Income Tax rebate on this loan as normal housing loan ? Please guide.

 

Thanks,

Rakesh Goel

One reply on this article “TAX REBATE ON LOAN FOR RENOVATION AND EXTENSION OF HOUSE”

  1. Dear Rakesh, what sort of concessional you are asking for for loan? Regarding Tax benefit, it’s limited to just 30000 Rs. only for interest on renovation loan.

    thanks

    Ashal

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