Home Loan

Tax planning and managing the House Property

Income Tax - The direct tax proposals of budget 2014 have been tax friendly. It is also worth noting that budget proposals have received the assent of President and now it is law of land under Indian Income Tax Act. It provides for tax advantage in the form of increased basic exemption limit for individuals by Rs.50K....

Read More

Are you paying higher interest on your home loan

Income Tax - During a casual conversation with my friend confession to me that he was not aware about the rate of interest charged on his home loan. I then realized that many persons who take home loan, generally, do not bother to check what rate of interest their lender is charging them. Nowadays, most of home loans […]...

Read More

Advantages of Applying for Home Loan for Women

Income Tax - With women becoming financially independent, there has been a surge in the number of women applicants applying for home loans from banks. This has, in turn, contributed to lenders offering numerous opportunities and schemes to women who dream of having their own home. The benefits offered range from lowered interest rates to easy eligibil...

Read More

EMI on Home Loan & Its Impact on Income Tax Computation

Income Tax - EMI on Home loan has two components. One component is repayment towards principal amount of loan and the other is interest portion. The article will describe regarding the tax benefit an assessee can avail on making payment of EMI. Loan can be taken for construction or purchase or repair or renewal or reconstruction of residential [&helli...

Read More

Things to know when buying Home by taking Home Loan

Income Tax - 1. Credit Score: Credit score is a number which calculated by various Credit Rating Agencies. Try to Improve your credit score by not defaulting any credit card payment or any EMI payment. If you delay the credit card payment, it impacts your credit card. Do not apply loan again & again. It affects your Credit […]...

Read More

Bajaj Finserv Gives A Major Overhaul To Its Website

Income Tax - Launched in January 2018, Bajaj Finserv’s new website is a perfect example of consumer satisfaction. Why? Well, it’s because of the efforts taken by Bajaj Finserv to make life better for their consumers. Bajaj Finserv, one of the most significant and diversified NBFC of the country, recently re-launched their website to provide a hass...

Read More

ICICI Bank launches ‘Cashback’ home loans

Income Tax - Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, today announced the launch of a new home loan, which offers borrowers the benefit of 1% cashback on every EMI, for the entire tenure of the loan. A unique offering in the industry, it is available for home loans with a minimum tenure of 15 […]...

Read More

ICICI Bank slashes home loan rates by upto 30 basis points

Income Tax - ICICI Bank, India’s largest private sector bank by consolidated assets, today announced reduction of interest rates by upto 30 basis points for home loans upto Rs 30 lakh in its bid to boost affordable housing in the country. With this reduction, salaried borrowers can avail home loans at among the lowest rates in the industry. Salaried...

Read More

Credit Linked Interest Subsidy scheme for tax paying Middle Classes

Income Tax - Credit Linked Interest Subsidy scheme for tax paying Middle Classes made effective from January 1 this year. Those sanctioned house loans and applied for since January 1st eligible for interest subsidy of up to Rs.2.35 lakh each...

Read More

‘Mortgage Guarantee’ backed loans for affordable housing sector

Income Tax - ICICI Bank launches ‘Mortgage Guarantee’ backed loans for affordable housing sector First bank in India to offer this facility for retail customers It can enhance a home loan by up to 20% within regulatory norms It allows a borrower to choose an extended loan tenure up to 67 years of age...

Read More

Section 54F exemption cannot be denied for Home Loan default

Goulikar Jawaharlal Vs ITO (ITAT Hyderabad) - The issue under consideration is whether the default in home loan by the owner of the property can be the reason to disallow the capital gain deduction u/s 54F of the Income Tax Act, 1961?...

Read More

Government Notified Reverse Mortgage Scheme 2008

Notification No.93/2008-Income Tax - (30/09/2008) - NOTIFICATION NO. 93/2008, DATED 30-9-2008 Reverse Mortgage means mortgage of a capital asset by an eligible pcrscn against a loan obtained by him fiom an approved lending institution; reverse mortgagor means the eligible person who has mortgaged the capital asset for the purpose of obtaining loan; ...

Read More

Recent Posts in "Home Loan"

Tax planning and managing the House Property

The direct tax proposals of budget 2014 have been tax friendly. It is also worth noting that budget proposals have received the assent of President and now it is law of land under Indian Income Tax Act. It provides for tax advantage in the form of increased basic exemption limit for individuals by Rs.50K....

Read More
Posted Under: Finance |

Are you paying higher interest on your home loan

During a casual conversation with my friend confession to me that he was not aware about the rate of interest charged on his home loan. I then realized that many persons who take home loan, generally, do not bother to check what rate of interest their lender is charging them. Nowadays, most of home loans […]...

Read More
Posted Under: Finance |

Section 54F exemption cannot be denied for Home Loan default

Goulikar Jawaharlal Vs ITO (ITAT Hyderabad)

The issue under consideration is whether the default in home loan by the owner of the property can be the reason to disallow the capital gain deduction u/s 54F of the Income Tax Act, 1961?...

Read More

Advantages of Applying for Home Loan for Women

With women becoming financially independent, there has been a surge in the number of women applicants applying for home loans from banks. This has, in turn, contributed to lenders offering numerous opportunities and schemes to women who dream of having their own home. The benefits offered range from lowered interest rates to easy eligibil...

Read More
Posted Under: Finance |

EMI on Home Loan & Its Impact on Income Tax Computation

EMI on Home loan has two components. One component is repayment towards principal amount of loan and the other is interest portion. The article will describe regarding the tax benefit an assessee can avail on making payment of EMI. Loan can be taken for construction or purchase or repair or renewal or reconstruction of residential [&helli...

Read More
Posted Under: Finance |

Things to know when buying Home by taking Home Loan

1. Credit Score: Credit score is a number which calculated by various Credit Rating Agencies. Try to Improve your credit score by not defaulting any credit card payment or any EMI payment. If you delay the credit card payment, it impacts your credit card. Do not apply loan again & again. It affects your Credit […]...

Read More
Posted Under: Finance |

What are the Benefits of Using a Home Loan EMI Calculator?

Are you thinking of buying a house with the help of a home loan? If yes, then it is a good idea to calculate your EMI amount before signing on the dotted line. A useful tool such as the home loan EMI calculator can help you out with this. What Is a Home Loan EMI […]...

Read More
Posted Under: Finance |

How Housing Finance Companies Sanction home loan to Salaried person?

Due to the rapid Growth & increasing Competition in the Housing Finance Sector, the chances of Procedural Lapses have also been increasing. The Probability of misuse & taking of advantage of the System by unscrupulous elements have also risen. It is very important to take urgent remedial & proactive steps so that incidents of ...

Read More
Posted Under: Finance |

Tax and Interest Subsidy Benefit on Home Loan

This article will cover details regarding Pradhan Mantri Awas Yojana (PMAY). Further, also cover subsidy rate, maximum loan amount and other details regarding this scheme such as how to avail loan under this scheme and how this scheme works, income tax benefits for home loan. Are you looking for a home loan? If yes, then […]...

Read More
Posted Under: Finance |

Deduction under section 80C and Tax Planning

Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. Even the section 80CCC on pension scheme contributions was merged with the above 80C. However, this new section has allowed a major change in the method of prov...

Read More
Posted Under: Finance | ,

Browse All Categories

CA, CS, CMA (4,991)
Company Law (6,655)
Custom Duty (8,023)
DGFT (4,367)
Excise Duty (4,399)
Fema / RBI (4,406)
Finance (4,649)
Income Tax (34,768)
SEBI (3,719)
Service Tax (3,604)

Search Posts by Date

October 2020
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031