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of <h1>Homebuyers Get Rs. 50,000 Tax Deduction on Affordable Home Loans Under New Income Tax Bill Provisions</h1> Legal Document Summary:A legislative provision in the Income Tax Bill, 2025 addresses tax deductions for residential home loans. The clause allows individuals to claim up to fifty thousand rupees deduction on interest for home loans meeting specific criteria. Applicable to loans sanctioned between specific dates, the provision targets first-time homebuyers purchasing affordable properties valued under fifty lakh rupees. The legislation aims to promote home ownership by providing financial incentives and supporting the real estate sector through targeted tax relief.
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