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Does interest on loan taken for repairs, renewals or reconstruction also qualify for the deduction of Rs 150,000?

April 26, 2017deduction loan qualify reconstruction renewals repairs Rs

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Does interest on loan taken for repairs, renewals or reconstruction also qualify for the deduction of Rs 150,000?

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Yes, the interest on a loan, taken for repairs, renewals or reconstruction, also qualifies for the deduction of Rs 150,000.