Home Loan Prepayment and Tax Benefits: What Happens to Your Section 24B Deduction?
Many borrowers I advised nearly abandoned prepayment fearing tax loss — the numbers showed they were wrong to worry. This is the most misunderstood aspect of home loan prepayment. The fear goes like this: “If I prepay, my interest will drop below ₹2 lakhs, and I will lose my Section 24(b) deduction. So I am […]
Home Loan Prepayment and Tax Benefits: What Happens to Your Section 24B Deduction? Read More »