When you find yourself a primary-day homebuyer, you could potentially claim income tax deduction less than Point 80EE. This area lets most income tax deduction off upto Rs 50,000 into desire commission on the mortgage. This means, that it deduction is over and you will above the exemption off Rs 2 lakh enjoy under Point twenty-four(b).

• The loan must have already been removed ranging from .
• It should be new borrower?s very first assets get.
• The worth of our home really should not be more than Rs 50 lakh, given that mortgage shouldn’t be more Rs 35 lakh. Continue reading →