Tax implications of purchasing or renting second property
A lot of people own more than one house, whether it is ancestral property or when you upgrade to a bigger place. You may choose to keep the property vacant or put it on rent.
Save tax on your income by taking a home loan! You may claim deductions in your income tax against principal and interest payments that you make towards repayment of your home loans. The type and amount of income tax deduction available against repayment of Home Loan is governed by applicable Income Tax Laws of Government of India.
Home Loan Tax Saving Calculator allows you to get an estimate of the amount of tax that can be saved by claiming deductions available under the Home Loan, as per the applicable laws.
Tax Saving Calculator can be used to get an estimate of the tax that can be saved by claiming the deductions available, as per the applicable laws.
The type and amount of Income Tax deduction available against the repayment of Home Loan is governed by applicable Income Tax Laws of the Government of India.
You may claim deductions in your Income Tax against the principal and interest payments that you make towards the repayment of your Home Loan.
You can simply use the Tax Saving Calculator to get an estimate of how much benefit in terms of savings can you get.
Taking investment decision in real estate is usually a difficult one, especially when it comes to choose between residential property and commercial property. For someone who is new to investing in real estate, the decision is all the more difficult.
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