Iccu car loan

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Additional deduction under Section 80EE is allowed to the home buyers for a maximum of up to Rs 50, To claim this deduction, the following conditions should be met:. To promote the housing sector, Budget has introduced an additional deduction under Section 80EEA for icci for a maximum of up to Rs 1.

If the loan is taken jointly, each loan holder can claim a deduction for iccu car loan loan interest up to Rs 2 lakh each and principal repayment under Section 80C up to Rs 1.

To claim this deduction, they should also be co-owners of iccu car loan property taken on loan. So, a loan taken jointly with your family can help you claim a larger tax benefit.

Only the owners article source the property iccu car loan claim tax deduction on home loans.

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