In
the most recent Union Budget, an extra Income Tax exemption of Rs 1.5
lakh on affordable home Loan Interest has been declared. Another Section
80EEA will be presented under the IT Act.
According
to the proposition, Tax Payers will get a most extreme tax break of Rs
3.5 lakh on home advances of up to Rs 45 lakh acquired up to March 31,
2020 (subject to specific terms and conditions).
