Tax benefits to help you save some money on an under-construction property with a home loan.

Firstly, you can claim a deduction of up to Rs. 1.5 lakh on the principal amount paid under Section 80C of the Income Tax Act.

Secondly, you can claim a deduction on the interest paid, but only after the construction is complete and you have possession of the property.

Thirdly, you can also claim a tax rebate on the stamp duty and registration charges paid, but this benefit is only available after the construction is complete.

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