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Property lending exception?
Owning a residence is a crucial need for numerous humans. The advancement or investment of a house is a capital-extensive endeavor. One commonly needs to take a domestic car loan to individual a home. The authorities deliver a plethora of income tax exceptions on home mortgage. The essential price for a home mortgage loan featuring the seal commitment and registration obtains a tax deduction of around Rs 1.5 lakhs below stage 80C. The pastime concern of the home loan is actually likewise tax-exempt underneath period 24. A more reduction of as long as Rs 50,000 is offered to new property buyers under section 80EE. 80g
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