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Query on Homeloan
by Phani on Feb 08, 2015 09:32 PM

I am planning to take loan of 48 Lacs for purchasing a land , after an year i want to take another 8 lacs loan for construction(my parents will help me with some more amount during construction). Will 48 8=56 lacs considered as home loan? Can I claim tax benefits for 56 lcs as homeloan?

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Tax benefits on a land loan