The new Rs step 3.5 lakh regarding deduction available for sensible casing generated sense when the eye costs with the mortgage brokers was 8-9 per cent

There can be very good news the very first time domestic-people looking for an easily affordable house charging doing Rs forty-five lakh. Finance Minister Nirmala Sitharaman lengthened the new tax pros around Section 80EEA of Tax Operate, 1961, from the one more year right up until .

End up being one to as it can, in today’s low-value interest scenario together with laws ruling the level of loan sanctioned having a property, tend to a home customer be able to take full advantage of it expansion? The solution try a no. Here’s as to the reasons.

Less than Area 80EEA, a beneficial homebuyer buying a property as high as Rs forty-five lakh was eligible to rating more income tax advantage of Rs step one.5 lakh into the commission of interest to the financial. [Read more…]