Brand new Rs step 3.5 lakh out-of deduction designed for reasonable construction generated experience when the attention pricing towards the lenders was 8-nine %
There can be very good news for the first time family-buyers finding an inexpensive family charging to Rs forty-five lakh. Loans Minister Nirmala Sitharaman offered the newest taxation experts significantly less than Point 80EEA of Income tax Operate, 1961, of the an extra 12 months till .
Be you to definitely as it may, in today’s low interest situation and the code ruling the amount of loan approved to possess a house, tend to a property consumer be able to take full advantage of so it extension? The solution was a no. Here’s as to why.
Around Area 80EEA, an effective homebuyer to shop for real estate of up to Rs forty-five lakh was permitted get additional tax benefit of Rs step one.5 lakh into the payment interesting into home loan. This is exactly along with the Rs dos lakh readily available under Area 24 (b).