On March 14, 2017 22:45 (IST)
As per current tax laws, for properties rented out, a borrower could deduct the entire interest paid on home loan after adjusting for the rental income.
On June 05, 2016 11:36 (IST)
Taking a loan to buy a house comes with many tax benefits. Many of us know that deductions of up to Rs 2 lakh in interest component of EMI and Rs 1.5 lakh in principal are allowed under income tax rules. But there are other important tax rules a borrower should be aware of.
On March 01, 2016 17:42 (IST)
The Budget 2016-17 announced some relief to home buyers who were losing out on income tax benefits on home loan due to a delay in possession of their house.
On May 28, 2015 23:11 (IST)
Buying your first house on a loan comes with multiple tax benefits. These deductions not only reduce your tax outgo but also help in managing your cash flows better.
On July 30, 2013 12:42 (IST)
You have bought a house in a city taking a home loan and you're currently living in the same city in a rented apartment because the house is under construction. In such a case, you are eligible to claim HRA.
On January 04, 2013 12:25 (IST)
While a joint loan permits the total loan amount to be higher by combining the repaying power of the both the applicants, it also provides tax rebate on taxable income of both.