You can declare a deduction of as much as 22 Lakhs per yr on the curiosity element of your mortgage (u/s 24) and as much as rs 1.50 Lakhs per yr on the principal element (u/s
80C)
Co-applicants can every get this tax deduction, doubling it to a complete of 27 lacs every year. Both co-applicants have to be co-owners of the property.
Banks do their very own due diligence whereas sanctioning you a home mortgage towards the property. So in a manner you’re additionally getting due diligence finished in your property as an added bonus!
Share this with anybody who’s seeking to purchase a home!
#homeloans #property #home #finance #realestate #homefinancing #homeloans #trending #discover
source
