How To Calculate Long Term Capital Gains (LTCG)
Most assets in India are subject to capital gains tax and property is no exception. Here’s help on how to calculate capital gains for your property.
Category Archives: Home loan & Tax
HRA And Home Loan: Can Both Be Claimed For Tax Deduction?
You can. But you must have good enough reason and proof to claim both. Here’s everything you need to know.
Rent Receipts Under IT Scanner
The Income Tax (IT) department can question the authenticity of rent receipts used for tax purposes. Read on to know more.
Don’t Forget About These New Home Loan Tax Benefits
One of the highlights of the latest budget is additional tax benefits on Home Loans. Let’s refresh your memory about them.
6 Common Mistakes Made By First-Time Home Buyers
All excited to book your first home? Of course you are. But don’t rush things because your haste could come in the way of your otherwise sound judgement. Things like overshooting your budget, or your realtor halting construction, could dampen your experience.
IDS: Why You Should Declare Your Undisclosed Income Right Now
Haven’t disclosed a part of your income while filing tax returns in the past? Now is the right time to make full use of the Income Declaration Scheme.
Personal Loan Or Top-up Loan- Which To Choose To Repay A Home Loan?
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?
Home Loans = Tax Benefits
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.
6 Infuriating Tax Queries Answered
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 »
Tax Implications on your Groovy Second Home
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 »