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
The tax laws allow you to avail certain benefits with respect to respect home loans. The benefits are available under Section 24(b) for interest paid and under Section 80C for the principal repayment, subject … 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
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
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
Salaried borrowers who have opted for the Reserve Bank of India’s (RBI’s) home loan EMI moratorium, because of the current financial stress, will also see some changes as far as their tax deductions are … READ FULL STORY
There is no restriction on the number of properties you can own. Similarly, there is no restriction on the number of houses for which you can take home loans and claim tax benefits, either … 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. People who invest in commercial properties, do so … READ FULL STORY
Buying a house involves significant financial expenditure. Consequently, a little planning and effort can help you to save lots of money, when you buy a home in 2020. Home loan tax savings in … READ FULL STORY
Mehul Chopra IT consultant and corporate trainer, Mumbai I live in Mumbai now but I plan to invest in a property in Pune. Improvements in connectivity and infrastructure matter to me the most. Pune … 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
There are a number of income tax provisions, which link the benefits with the time taken to complete the construction of one’s property. Deductions pertaining to repayment of the principal component of a housing … READ FULL STORY
Update on July 5, 2019: Finance minister Nirmala Sitharaman, while presenting the Union Budget 2019-20, on July 5, 2019, said the government is proposing additional tax deduction of Rs 1.50 lakhs on the interest paid … READ FULL STORY
