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Showing posts with label Tax Benefit on Home Loan Section 24. Show all posts
Showing posts with label Tax Benefit on Home Loan Section 24. Show all posts

Thursday, 23 April 2020


The repayment of Home Loan comprises of 2 components i.e. Repayment of Principal and Repayment of Interest. As the repayment comprises of 2 different components, the tax benefit on a home loan is governed by different sections of the Income Tax Act and these are claimed as tax deductions under different sections while filing the Income Tax Return.