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How to claim interest prior possession of the property?- Property Hotline
Posted
July 7, 2016
Views
191
July 7, 2016
191
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4:51Now PlayingBe Un Confused
Expert: Samir Kanabar, Partner- Tax and Regulatory Services at EY.
Question: I have taken a loan of Rs42 lakhs and paying the EMI Rs5 lakhs per year before taking possession i.e. in September this year I have already paid Rs5 lakh interest. Is there an offer limit on the amount of exemption that is claimed for income tax under sec 24 with regards to the interest amount?
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