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- I dont understand Why the limit of loan on which additional deduction of Rs. 1 lakhs is allowed, is restricted to Rs. 25 lakhs??CommentQuote0Flag
- It is restricted because the government wants to encourage affordable housing in the country. They do not want the benefit to go to investors or HNIs.CommentQuote0Flag
- But do you think you can get anything even affordable houses in this budget in national capital region.
I would interpret it as government is encouraging affordable housing in tier 2 cities.CommentQuote0Flag
- Budget announcement seems good for new home buyers and first time buyers because they are offered taxation benefit under tax schemes like Income Tax Act Section 24 B offers deduction.CommentQuote0Flag