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HOME LOAN DEDUCTIONS
Think you don't need to file an ITR for FY 25-26? These 8 benefits may change your mindITR filing: Filing your Income Tax Return (ITR) offers significant advantages beyond just tax payment. It's crucial for claiming refunds, c...
Oyo parent files updated DRHP for Rs 6,650 crore IPO: Key things to knowOyo's parent company, Prism, has filed for a Rs 6,650 crore IPO, with plans for a potential pre-IPO placement. The bulk of the funds will b...
Taking a second loan for home loan repayment? Claim tax deduction on both under old tax regime for Tax Year 2026-2027Homeowners can now potentially claim tax deductions on interest paid for both their original home loan and a subsequent loan taken to repay...
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
Think property makes you rich? These 5 facts tell a different storyAs per a 2017 RBI report, a typical middle-class Indian family puts 70-80% of its net worth into realty. No asset class would be considered...
Bengaluru techie with Rs 18 lakh salary paying Rs 25,000 per month to wife as house rent to save tax, sparks debate onlineA Bengaluru IT employee's clever tax-saving plan is causing a stir online. He pays rent to his wife for a home she owns, aiming to reduce h...
Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
How a simple home loan EMI calculation before you apply can reduce your interest burdenA home loan EMI calculator is an invaluable tool for financial planning, allowing users to estimate monthly repayments, total interest, and...
'I earn Rs 2 lakh a month': Engineer cab driver's answer leaves Bengaluru influencer stunned, his business model gave 'goosebumps'A Mumbai cab driver has gone viral after revealing that he earns around Rs 2 lakh a month through a fleet business he built from scratch. S...
ITR filing 2026: 5 benefits of filing income tax return besides paying taxesFiling your Income Tax Return is more than just a tax duty. It acts as a vital financial record. It helps in getting loans approved. You ca...
New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...
Salary hike this appraisal season? New labour codes and tax rules may change your real take-home payAppraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some fi...
Buying vs renting a home: ₹1 crore home today or ₹6 crore corpus after 20 years - how the strategy of renting and investing may beat buying a house in IndiaBuying a home in Indian metros is an emotional decision, but financial realities are shifting. Renting and investing the difference between...
Planning to take home loan? 5 smart ways to maximise your benefitsThe amount you borrow should depend on your personal financial situation, including monthly expenses, existing liabilities, lifestyle needs...
Homebuyer claims Section 80C tax deduction for home loan repayment, tax dept challenges it — ITAT Panaji rules in his favourA Goan homebuyer successfully challenged the tax department's denial of his Section 80C deduction for home loan repayment. The ITAT Panaji ...
Should home loan be the only factor to see while choosing between old and new income tax regime?Budget 2025 brought significant changes to India's income tax structure. Under the new tax regime, the basic exemption limit was hiked to R...
ITR filing: Can a salaried taxpayer claim deductions for HRA and home loan interest together?There are hardly many tax saving avenues when you fall in the highest income tax bracket so utilising every available tax saving option bec...
Budget 2022 expectations: Six measures that can help home buyersA dedicated tax provision allowing deduction of principal repayment (currently forming part of 80C deduction) will incentivise homebuyers t...
You won't benefit much from affordable home loan tax deduction u/s 80EEA: Here's whyOne can claim this tax deduction benefit of Rs 1.5 lakh annually if he/she does not own a property and is planning on buying a house in the...
- Tax benefits applicable on pre-EMIs
Tax deduction for pre-construction period, on the pre-EMIs, can be availed only after the construction of the building has been completed.