Month: January 2025

Women can claim deduction on the attract component of the home loan Women first-big date homeowners meet the requirements to help you claim a taxation deduction away from upwards in order to ?step one.5 lakh toward dominant installment of its home loan, significantly less than Part 80C of one's Income tax Act. That it deduction also contains repayments produced to the stamp obligation and you will registration costs, however, only around such expenses is actually incurred. To possess a self-occupied property, the utmost income tax deduction readily available is actually ?2 lakhs. Getting services that are hired aside, the entire amount of desire reduced was deductible. This part brings additional pros to own first-day homeowners. Women who qualify normally allege an extra deduction away from around ?fifty,000 for appeal repaid…