Income Tax : HRA exemption and home loan deductions operate under separate sections of the Income Tax Act. Taxpayers may claim both under the o...
Income Tax : The article explains how home loan interest and principal repayments can reduce tax liability under the old tax regime. It also hi...
Income Tax : This case highlights that cash paid to builders as “on-money” will not automatically be treated as tax evasion if it originate...
Income Tax : The New Tax Regime restricts Section 24(b) benefits, disallowing set-off of home loan interest against salary income. Taxpayers mu...
Income Tax : Understand the taxation rules for income from house property, including the basis of charge, computation of Gross and Net Annual V...
Finance : Launched in January 2018, Bajaj Finserv’s new website is a perfect example of consumer satisfaction. Why? Well, it’s because o...
Finance : Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, today announced the launch of a new home loan, w...
Finance : ICICI Bank, India’s largest private sector bank by consolidated assets, today announced reduction of interest rates by upto 30 b...
Corporate Law, Income Tax : Credit Linked Interest Subsidy scheme for tax paying Middle Classes made effective from January 1 this year. Those sanctioned hous...
Finance : ICICI Bank launches ‘Mortgage Guarantee’ backed loans for affordable housing sector First bank in India to offer this facilit...
Income Tax : During the appellate proceedings, the assessee has submitted that it has taken loan for purchase of two residential properties whi...
Income Tax : Vishwa Kalyan Society Vs DCIT (ITAT Ahmedabad) Brief facts of the case are, that the assessee is a Charitable Trust, having income...
Income Tax : The issue under consideration is whether the default in home loan by the owner of the property can be the reason to disallow the c...
Income Tax : NOTIFICATION NO. 93/2008, DATED 30-9-2008 Reverse Mortgage means mortgage of a capital asset by an eligible pcrscn against a loan ...
HRA exemption and home loan deductions operate under separate sections of the Income Tax Act. Taxpayers may claim both under the old tax regime if the arrangement is genuine.
The article explains how home loan interest and principal repayments can reduce tax liability under the old tax regime. It also highlights why the new regime may limit these benefits for many borrowers.
This case highlights that cash paid to builders as “on-money” will not automatically be treated as tax evasion if it originates from disclosed bank funds. However, buyers must prove the source with proper documentation to avoid tax additions.
The New Tax Regime restricts Section 24(b) benefits, disallowing set-off of home loan interest against salary income. Taxpayers must compare regimes carefully before opting.
Understand the taxation rules for income from house property, including the basis of charge, computation of Gross and Net Annual Value, allowed deductions like standard deduction and interest on borrowed capital, and special provisions for co-owners and deemed owners.
Learn about fixed and floating home loan interest rates. Know how each affects your monthly payments, loan tenure, and overall cost. Make an informed decision for your home loan.
Owning a home is a dream for many, but a home loan is a long-term financial commitment that can span several years. Given rising living costs, prepaying your home loan can be a strategic move to reduce your debt burden.
Learn how to optimize home loan interest tax benefits for self-occupied and rented properties. Strategies include reducing capital gains tax and offsetting rental income.
Learn to calculate home loan EMIs with this step-by-step guide. Understand loan amount, interest rates, tenure, tax benefits, and additional costs for better planning.
Use a home loan calculator to easily calculate your EMIs, compare loan options, and make informed financial decisions. Plan your finances effectively with this essential tool.
