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Which is better a flat or plot in terms of tax exemption?- Property Hotline
Posted
November 4, 2016
Views
3,460
Likes
21
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November 4, 2016
3,460
21
0.61%
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4:09Now PlayingExpert: PV Subramanyam, Home Finance Expert
Question: I'm a government employee and my salary is Rs 75,000/month. I am planning to invest in a plot on the periphery of Bengaluru. If I take a loan from the bank, am I eligible for tax exemption on interest paid to the bank? Should I buy a flat or a plot? What is better? I have a budget of Rs60 lakhs.
Answer: You won’t get tax exemption on a plot. You can only avail tax exemption on investing in a house. It can be given on rent or self-occupied. From a tax point of view flat is better for sure.
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