Women earliest-day homebuyers meet the criteria so you’re able to claim a taxation deduction of up in order to ?step 1.5 lakh into the prominent cost of the financial, significantly less than Point 80C of your Taxation Operate. That it deduction also includes costs generated to the stamp responsibility and you can subscription charges, however, only in such expenses are sustained.
To own a personal-filled possessions, the most taxation deduction readily available are ?2 lakhs. To own attributes that are leased aside, the entire level of notice paid down are deductible.
It loans Elmore part provides extra benefits for earliest-go out homebuyers. Women that meet the requirements normally allege a supplementary deduction from doing ?fifty,000 having focus paid back on the mortgage.