RUPEETIMES.COM
Home Loans come with Tax Rebates!
Me and my wife have a joint Loan and Joint property. We pay an interest >Rs.400000. Can we claim a tax rebate of 150000 each.
vinay raina (Posted: Feb 28, 2010)
I am going to purchase a residential plot(I will be take loan to purchase the plot),will I be come under tax rebate or not.
dinesh (Posted: Feb 15, 2010)
I am going to purchase flat on joint name i.e. first my self and second my wife who is also doing service and i am going to take loan for the purchase of flat, pl clarify whether i am going to get benefit of interest and principle amount for tax benefit i.e. first holder.
jayeshkumar patel (Posted: Jan 30, 2010)
TfXXPT lnsrqjde bztguwpa jxxhltfv
viagra (Posted: Jul 30, 2009)
My first house loan is completed for which i have availed tax benifit and which was purchased 10 year back

Now I have purchased new house for that i have taken loan is i am eligible to get tax benifit. I am having my old house also.
D.B.NAVALE (Posted: Jul 29, 2009)
I am bit confused about the amount of principle repaid that can be claimed for tax deduction. I remember the ceiling on principle repayment to be Rs. 20,000. Is the eligible amount for deduction Rs.20,000 or Rs. 1,00,000?
Sunil (Posted: Aug 9, 2008)
It is legally incorrect to say that interest is allowed only on EMI payment. Interest is recognised on due basis also.

A person can have any number of house loans and all such deduction are applicable subject to the following
-interest in the case of property let out dont have any maximum ceiling.
- Only self occupied house property has 1.5 lakhs as a ceiling
sathya (Posted: Aug 8, 2008)



  Post your comment:  
Your Name:
Email Address:
Comment:
COMPARE QUICKLY
 Select a product:
 
CALCULATE QUICKLY
 Select a product:
 
EDITORS' PICKS
7 most common Home Loan problems faced by...
How to go about ‘Leveraged Investing’
Factors affecting eligibility for home loans
Home Equity Loan: A shoulder you can bank...
Effect of employment on loan eligibility...
Your EMIs may help you to reduce your tax...
Six tips to choose your home loan lender
Home loans: a route to home sweet home
The Home Loan Rate Pendulum
Complete Guide to the Home Loan Process in...
NEWS THIS WEEK
LIC Housing Finance to augment its loan base Mar 16, 2010
Central Bank plans complete buyback of mortgage finance subsidiary Mar 16, 2010
Allahabad Bank CMD says Indian market flush with liquidity Mar 15, 2010
SBI grabs the biggest chunk in home loan platter Mar 12, 2010
Tamil Nadu votes in for financial inclusion plans of RBI Mar 11, 2010
News Archive