For DDA Housing scheme 2010 we have paid 4860 (Bank Interest=4125 and Charges=735) on Rs. 1, 50,000 Earnest Money Finance. Do we get tax rebate against the same?
Regards
Ajay Sharma
1 Answers
No rebate will be available for the same. Housing loan interest and principal exemption is available when house is self-owned and possession is received.
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