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interest earned?
by
vinay bhandare on Apr 25, 2007 06:53 PM | Hide replies | Hide message |
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For salaried person a 30% tax will go out as just 12% interest on housing loan...and a property(real estate) growing at a minimum of 10-15% ...so totally gaining a 20-30% every year....isn't this right?
interest earned from bank are taxed again to 30%, reducing total interest earned to just 6% instead of 8%...isn't?
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