Let’s assume you took the plunge to get your home and took a Home Loan two summers ago. You’ve started repaying the loan EMIs but you have a sudden financial emergency and you’re going to be strapped for funds for the next few months. Would you take a Personal Loan, or a Top-up Loan on your Home Loan to help you through the crisis?
Buying a house with Home Loan financing is common practice these days. Not only does it provide you with funds to buy your house, it also helps you saves on your Income Tax. If you are planning to apply for a Home Loan to buy a new house, here’s some information on the tax benefits you are eligible for.
We all loved the bubbly Kareena Kapoor as Geet from Jab We Met. Her dialogue, “ek ke saath adhi muft muft muft,” stuck with a lot of us. Don’t we all love good deals on sales and looking for great 1+4 offers. But maybe you don’t have to hunt so far and wide. What if… Read More »
We are all usually surrounded by lot of questions related to investments, taxation, finance etc. In this article, we have handpicked 6 questions which are important and applicable to most of us. 1. How are tax rebates calculated for early payment of a home loan? Those who have availed a home loan usually have this… Read More »
Humankind has spread its wings and made the moon its second home. While there are no tax implications of that (not yet at least!) there certainly are tax implications on your second home here on earth. We unlock the tax dreadlock for you. Tax implications for multiple properties Before getting into the details of tax… Read More »
With the annual budget just around the corner, expectations from the Finance Minister are sky high. Considering the fact that this is going to be the first full-fledged budget of the Narendra Modi government, this budget is definitely a high-profile one if not anything else. From the common man on the street fed up with… Read More »
Sahil, a software engineer in Mohali (Punjab), intends to purchase a plot of land and build his dream house on it within 3 years. The price of land is Rs.50 lacs and he wants to spend another Rs.35-40 lacs for construction of house. He has saved Rs.40 lacs for investment in property and hopes to… Read More »