RealEstateTaxBenefits

Purchasing a home with a loan can lead to significant income tax deductions, available under sections 80C, 24, 80EE, and 80EEA of the Income Tax Act, 1961. Understanding these can help homebuyers optimise savings 1. Section 80C: Covers: Principal repayment, registration, and stamp duty. Limit: Up to ₹1.5 lakhs/year. Eligibility: Applies to self-occupied, rented, or deemed-to-be-rented...