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
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 tax law allows you to avail of certain benefits with respect to 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
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
Before every annual budget, the real estate sector trots out a highly optimistic (and unrealistic) wish-list to the Finance Ministry. Whether the industry actually expects the upcoming budget to cure all its woes, with … READ FULL STORY
The taxation on property purchase, has become much simpler than it was before. With the roll-out of the Goods and Services Tax (GST), several taxes previously applicable on real estate purchase (VAT, service tax, … READ FULL STORY
A home loan has to be repaid during its tenure, by way of equated monthly instalments (EMIs). The amount of the EMI, as the name suggests, remains the same throughout the tenure of the … READ FULL STORY
Selling a home requires as much due diligence as buying one, to ensure that there are no disputes and to get the proper return on investment. While legal and taxation aspects are the two … READ FULL STORY
Often people pick booking under-construction properties over ready houses because of their lower rates. However, they do so without realising the risks involved; both, the income tax and financial implications. This feature deals with … READ FULL STORY
