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I purchased a flat by loan 8 years back and got the I tax benefit. If i purchase another flat now will I get the income tax benefit?  

Asked in Personal Finance & Tax at 1:43 AM on March 12, 2008

Tags: purchased, flat, loan, years, purchase, another, income, benefit

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sparsha dhar
sparsha dhar
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I purchased a flat by loan 8 years back and got the I tax benefit. If i purchase another flat now will I get the income tax benefit?

yes this time also you will get the tax benefit for home loan amount but if you purchase the flat by other means then you will not entitled for the tax exemption....No....Yes you can get all any tax benefit by making reinvestment in another ... I am planning to purchase a new flat costing Rs. 30 lakhs within three months

Posted in Personal Finance & Tax by sparsha dhar at 7:13 AM on March 12, 2008
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