Did you know that a tax deduction of Rs 2 lakh annually is permissible against payment of interest on home loans, if the house is acquired within three years of taking the loan? and, if the possession takes place after three years, the exemption reduces to a mere Rs 30,000 a year — a drop of 85% – that’s like rubbing salt to an injury of delayed possession with absolutely no fault of yours! Read More at http://shopsandhomes.com/blog/index.php/2016/02/home-buyers-lose-85-of-tax-benefit-on-delayed-possession/
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