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Mansi Tyagi

Tax benefits of Home Loan

Tax benefit for home loan can be claimed for both home principal and interest component. Deductions are available for repayment for principal amount and Interest on Home Loan. Tax benefits are available under three sections of Income Tax, Under section 24-deduction for home loan interest, Under section 80C-deduction for principal repayment, Under section 80E- deduction for first time home loan. buyer,
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