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17 Nov 2010

Home Loan Tax Treatment for Home Loan Disbursed Before Construction of Property

Let us consider the case where an individual avails complete loan before the construction of the property ends and has started paying the EMI for home loan; than one will not be able to get any rebate for principal repayment deduction under Section 80C until construction of the property ends as this deduction is only available under Section 80C and it can only be claimed after getting possession of the property.

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