When investing in property, individuals are required to pay taxes. However, the property sector also offers tax deduction benefits that can be advantageous to many. For example, while individuals can take advantage of home … READ FULL STORY
Fixed Deposits (FDs) have long been a popular investment avenue for individuals seeking a secure and stable way to grow their savings. Among the various types of FDs, Tax Saving Fixed Deposits stand out … READ FULL STORY
Real estate investments have become lucrative in recent years, igniting renewed interest among buyers and investors. However, would a buyer investing in a second home be able to enjoy the same tax benefits as … READ FULL STORY
The income tax laws tax all your incomes under various heads. Any income with respect to a house property owned by you, is taxed under the head ‘income from house property’, whether the property … READ FULL STORY
This is that time of the year when salaried employees have to submit to their employers proof of the investment they declared at the start of the financial year. Those who have invested in … READ FULL STORY
Among salaried tax payers, Section 80C is the most commonly-used provision of the Income-Tax Act, to avail of tax deductions on their income. However, nearly all tax payers in India claim deductions under Section … READ FULL STORY
Land as an investment option has always been popular in India. Its popularity has not receded, despite the availability of various financial products such as mutual funds and equity shares. However, you should be … READ FULL STORY
If you have taken a home loan, you can avail of rebates on your income tax liability under various sections of the Income Tax Act in India. An income tax rebate is allowed on … READ FULL STORY
An ELSS (equity-linked savings scheme) is a popular choice among investors who look to invest in mutual funds. In comparison to other popular investment options like Public Provident Fund, PPF and bank deposits, ELSS … READ FULL STORY
Property has been one of the oldest investment avenues in India, which existed before the advent of various financial products like direct equity and mutual funds. If you have given commercial space for rent, … READ FULL STORY
Every year, prior to the union budget, developers lobby hard to get the best deal, while buyers have their own set of demands. The finance minister is expected to walk a tightrope, to balance … READ FULL STORY
Home owners are often ignorant about the implications of buying a house property in single name, instead of joint names. One of my colleagues had bought a flat in his name before marriage. After … READ FULL STORY
Until a few decades ago, Indians were generally averse to taking loans to buy or construct their homes and would use their retirement funds for the same. However, with increasing urbanisation, easy availability of … READ FULL STORY
