Did you know you can claim up to Rs10 Lakhs as deduction if you have a Home Loan? Apart from the obvious 80C and 24(B) benefits - did you know that if you are a first time home buyer you can also claim deductions under section 80EEA.Here are the conditions you should know about:-The loan should be sanctioned during the period 1st April 2019 and 31st March 2022.-Stamp duty value of the house property should be Rs 45 lakh or less.Now all these benefits will potentially double if you apply for a joint home loan!Also, a lot of people question if they can claim HRA and home loan deductions together - the answer is yes! Provided there is at least a 35 kms distance between your own house and your rented place! Follow @tatacapital for more such videos! #homeloans #tatacapital #loan #taxbenefits #oldtaxregime #taxregime #countonus
Posted On: 25 Jun 2024 2:43 PM
