Srihari
16
Hello Sir,
I have recently purchased an apartment and paid full amount (my own funds) and got it registered. Now I want to get the Interiors done and planing to go for Home improvement loan. Will I be able to get the tax benefit if I go for Home improvement loan? Please clarify
Income tax benefit is available only on interest part in case of home improvement loan. Max benefit can be taken upto Rs 30,000 u/s 24 in case of self occupied house.
In case of rented property, whole interest can be deducted from rental income without any limits.
