income tax benefit on home loan

To claim these deductions, you need to submit the details of the interest and principal repayment in the appropriate sections of your income tax return. (Representative image)Home Loan: Longer the tenure you have, the lesser will be your…

By providing tax benefits, the government aims to make home ownership more affordable for people and to boost the demand for housing. There are two components of EMI in any home loan, i.e., principal amount and interest amount. …