What is PLR Rate rebate in Home Loan?
Particulars, section 24b, section 80C, tax Deduction allowed only for Interest Principal Basis of loan Tax Deduction Accrual Basis Cash Basis Amount of Deduction Self-occupied property:.
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Note: If a teenage property is partly SOP and discount partly let out then also the teenage limit of Rs 2,00,000/30,000 shall be available for SOP portion and there is no limit of deduction for let out portion even if the construction is completed after 3 years.
This deduction is available under Section 80EEA which provides income tax benefits of up.
You will need to show the statement provided by the lender showing the repayment for the year as well labour as the interest principal components of the same.
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