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By Morningstar |  10-07-14

Home loans

The interest component of home loans is allowed as deduction under Section 24. The current limit is up to Rs 1.50 lakh for a self-occupied house.

Individuals were hoping that the limit would go up to Rs 4 lakh due to the sharp rise in property prices over the years.

Unfortunately, it has been upped to just Rs 2 lakh.

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