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Interest on reconstruction,repairs etc.

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04 May 2013 Respected Sir,

If individual is claimming Interest on Loan of Rs.1,50,000/- for his House Property(Self Occupied)from his Income.

Further, he has taken another loan for reconstruction,repairs etc & paying Interest of Rs.30,000/- p.a. wherher he is elegible to avail both the deduction of Rs.1,50,000/- & Rs.30,000/-

Plz Guide

04 May 2013 Yes, it is eligible.



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