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Availed moratorium on home loan? Here's how your tax savings can be impacted

Updated : June 23, 2020 07:54 PM IST

Amid coronavirus pandemic, the Reserve Bank of India (RBI) announced equated monthly installments (EMIs) moratorium for all term loans including home loans.
While this is supposed to provide short-term relief to borrowers, experts say it comes at a heavy cost.
Also, a person who opts for a home loan moratorium cannot claim a tax deduction, they say.
Availed moratorium on home loan? Here's how your tax savings can be impacted

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