Oct 08, 2024Real Estate Deconstructed
Tax Benefits for Under Construction Home Loans: A Comprehensive Guide
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Contents
Frequently Asked Questions
What is the maximum under-construction tax benefit under Section 24B?
Ans: The maximum tax benefit on under-construction property under Section 24B of the IT Act is Rs.2 lakh per financial year.
How much can I claim as the under-construction tax benefit under Section 80C?
Ans: Homeowners can claim Rs.1.5 lakh as the tax benefit on the under-construction property per financial year.
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