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I have purchased house in 2001 for which I availed loaan from my present organization at 6% rate of interest. The interest which I pay to my organization for the home loan can be considered for tax benefit purpose. ?

Asked by aparna deshpande, 07 Feb '09 11:53 am
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Answers (1)


Hi parana,
Since it is a loan you avail the Tax benefits for repayment, you should claim the Principal repayment for the loan under Sec. 80 C & Interest repayment -Exemptions under section 10 & 17.
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Answered by prasanna patvardhan, 24 Feb '09 11:21 am

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