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Posts Tagged ‘pre-emi’

Tax advantage for pre-EMI interest on Home Loans

TweetShareIt is good to note that there’s absolutely no limitation associated with “self stay property” with regard to getting tax compensation on interest paid under section 24. Actually, for those who have leased the property, and also receive lease of over Rs. 1.5 Lakhs each year, the interest you shall out (even if it is over Rs. 1.5 Lakhs) is subtracted from the lease obtained. Moreover do note that, similar to the principal settlement, there isn’t any limitation on the number... 

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