Investments are the cornerstone of financial planning, offering individuals a means to grow wealth and secure their future. Among the plethora of options available, Fixed Deposits (FDs) and Real Estate stand out as two … READ FULL STORY
Investing in a second home with the intention of renting it out is a popular strategy for generating passive income and building wealth. However, like any investment, it comes with its set of pros, … READ FULL STORY
Home loans and mortgage loans are the most commonly discussed options when financing significant purchases or investments. Although they are often used interchangeably, there are distinct differences between these two types of loans that … READ FULL STORY
Property acquisition can be quite intimidating, considering the costs that the buyer has to bear. In big cities, in fact, a majority of people have to take home loans from banks, to buy properties, … 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
In the pursuit of homeownership, many individuals turn to financial assistance options, such as House Building Advances (HBA), to fulfil their dream of having a place to call home. As we step into 2024, … READ FULL STORY
Income tax is a pivotal component in the economic landscape of any nation, acting as a primary source of revenue for the government. In India, understanding the intricacies of income tax exemptions is crucial … READ FULL STORY
There are several benefits to buying a property in a woman’s name, either as the sole owner or as a joint owner, with governments and banks offering several sops. “Aspiring home buyers can seek … READ FULL STORY
A holding period of 24 months is crucial for a person to be able to claim tax benefits associated with long-term capital gains on property sale. Long-term capital gains give a property seller the … READ FULL STORY
With the prices of houses rising significantly faster than salaries, it has become increasingly difficult for individuals to buy a house on their own. Consequently, most people now opt for home loans. To enhance … READ FULL STORY
Update on February 1, 2019: The exemption for TDS on house rent increased from Rs 1.8 lakhs to Rs 2.40 lakhs. There will also be an exemption on the notional rent of second homes which are … 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
There can be different reasons to buy a second house – it can serve as a retirement home, or a long-term investment to reap profits through appreciation in capital values. Another category of second … READ FULL STORY
