Source: http://economictimes.indiatimes.com/news/economy/policy/budget-2013-home-loan-borrowers-allowed-additional-deduction-of-rs-1-lakh/articleshow/18725752.cms
Wait.. don't jump with joy if you are an existing home loan customer.
The additional 1L deduction is applicable to only those who fullfil the following criterias
1. First time home loan
2. Loan amount not above 25L
3. Disbursement during the FY 2013-14
That means if you are an existing customer then forget about any benefit.
Switching to a new borrower will not help either as it will not be considered as a first time loan. (evil laugh)
Enjoy!
That means if you are an existing customer then forget about any benefit.
Switching to a new borrower will not help either as it will not be considered as a first time loan. (evil laugh)
Enjoy!
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