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Opting for a rented place may be better
Financial Express Ahmedabad
|February 03, 2025
Check your final tax liability to make the right choice
is more than ₹50,000 per month, TDS is to be deducted from such rent payment. When a taxpayer purchases a house on loan, such a taxpayer will get deduction in respect of interest paid against the salary income. However, such deduction is limited to ₹2 lakh and excess interest paid can be carried forward for next eight tax years to be deducted against '
This story is from the February 03, 2025 edition of Financial Express Ahmedabad.
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