Taxation Deduction to own Stamp Duty and you may Registration Charges
When you have ordered a below-construction property property by using a home loan, you could claim an income tax deduction with the appeal paid down merely following framework of the property comes to an end. This is exactly when you look at the stark evaluate into the purchase of a completely constructed domestic, then you can instantly allege an income tax deduction to have the house financing appeal.
Yet not, given that construction of your casing property in which you enjoys removed a mortgage is complete, you could allege an income tax deduction towards the desire hence paid off for the five equivalent annual payments. The most deduction you could potentially allege in lead of cash out-of houses home is subject to a top limit regarding ?2.0 lakhs. Continue reading “Taxation Deduction to own Stamp Duty and you may Registration Charges” »