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Author: admin | Category: Loan Car Calculator | Date: 06.06.2014

Boasting the lowest unemployment rate in the country, it`s no surprise that North Dakota is the center of an oil boom. Interest paid or payable on money borrowed for the purchase, construction, repair, or reconstruction of a house is allowed as a deduction.
In case of a self-occupied property treated as such, the maximum deduction will be Rs 30,000 per annum. Find more information by clicking over to this infographic from an Arizona title loan company.

If the funds have been borrowed for the acquisition or construction of a house after 1 April 1999, Rs 1.50 lakh will be deductible.
The interest payable for the pre-acquisition or pre - construction period would be deductible in five equal annual installments commencing from the year in which the house has been acquired or constructed.Please remember that in case of self occupied property, this deduction is allowed only for one such self - occupied property.
1,00,000 on your home loan will be allowed as a deduction from the gross total income subject to fulfillment of prescribed conditions. Get Daily Slideshow newsletterDaily Slideshow Newsletter is the way to get the best picture shows of the day in your inbox.Subscribe nowSLIDESHOW HOMEREAL ESTATE SLIDESHOW HOMEREPLAYDid you like "How home loan borrower can benefit from tax deductions" slideshow?

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