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home loan exemption.
if i take a loan to extend 1 extra floor for my parents home which i am heir to and if i have no other property in my name.can i claim exemption on principle and interest.if so upto how much limit?
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if the home is in your own name and loan is on your name emi going from Bank account then only you can claim interest upto 2lacs from your total taxable income and deduction u/s 80c towards principle upto 150000
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