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RE:Home loan terms
by Ravish Sheth on Dec 21, 2006 08:24 PM

You do get tax benifit on pre-EMIs (interest paid before completion of building). But actually not before your house is completely done. You can claim tax exemption in 5 equal proportion of our pre EMI paid. And you can start claiming that from the financial year your house was ready.

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Home loan terms you must know