Additional income tax deduction announced on home loans for affordable houses
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The first budget of the second term of the Narendra Modi-led government on Friday extended an additional deduction to home-buyers in the affordable housing category. In her maiden budget speech, finance minister Nirmala Sitharaman said an additional deduction of up to ₹1.5 lakh for interest paid will be allowed on a loan borrowed up to 31st March, 2020, for purchase…