Income Tax Benefits Available On Housing Loan

Government has provided many tax benefits to assessee on home loan. Income Tax Act provides tax benefits on repayment of loan’s principal component as well as on repayment of loan’s interest component. Deduction under section 24(b) For let-out property, actual interest made on capital borrowed for the purpose of housing property’s acquisition, repairing, re-construction will be allowed as deduction. For self-occupied residential house property, interest incurred on capital borrowed for… Read More »Income Tax Benefits Available On Housing Loan