New deduction on affordable homes benefits loans with longer tenures

Joint owners would not be able to get the additional tax deduction due to caveats

Tinesh Bhasin |Business Standard | Mumbai
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New deduction on affordable homes benefits loans with longer tenures

5 min read Last Updated : Jul 21 2019 | 6:31 PM IST

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The move to provide additional tax deduction on affordable homes will benefit borrowers who opt for long-tenured loans. The newly-introduced provisions may not result in significant savings for loans

Topics :Income taxHome LoanAffordable housingbudget 2019

First Published: Jul 19 2019 | 2:51 PM IST

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