While taking a home loan, you think that you will repay it easily, but later when you have to pay EMI every month, then this loan starts to seem like a hassle. Everyone wants to get rid of the hassle ...
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The major tax benefits are as follows: Deduction on Interest Paid Deduction on Principal Repayment Other Advantages for First-Time Home Buyers Beneficiaries on Joint Home Loans Home Loan Deduction ...
Interest Paid on Home Loan – Section 24(b)Section 24(b) of the Income Tax Act provides deductions on the interest paid on your home loan.For a self-occupied house, the maximum deduction ...