I paid upto 3L towards repayment of my home. 2L towards interest and 1L towards principal.
Will i get an exemption of tax for Rs. 2.5L ? (1.5L - interest and 1L - principal) ??
I paid upto 3L towards repayment of my home. 2L towards interest and 1L towards principal.
Yes. In case of one self occupied home interest deduction is limited to Rs 1.5 lac
CAclubindia
