[ad_1] The maximum home loan benefit that can be claimed as a deduction in India is as follows:- section deduction allowed allowed for section 24 Rupee. 2,00,000 interest repayment Section 80C Rupee. 1,50,000 principal repayment Section 80EEA Rupee. 1,50,000 interest repayment Thus, as is clear from the above table, deduction can be claimed for both interest and principal amount under various sections of the Income Tax Act. These sections along with the allowed deductions are discussed in detail in this article. Section 80C: Tax benefit on home loan (principal amount)…
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Use loudspeakers to discuss price hike: Aditya MLA asks CM to recite ‘Hanuman Chalisa’ at home
[ad_1] Politics heated up in Maharashtra over the Hanuman Chalisa on Friday when state minister Aaditya Thackeray said loudspeakers should be used to create awareness among people about the reasons for rising prices of essential commodities, while Independent MLA Ravi Rana asked Chief Minister Uddhav Thackeray to read devotional hymns. His residence on Saturday. Subscribe Now: Get Express Premium to Access the Best Election Reporting and Analytics It all started when MNS President Raj Thackeray raised the issue of loudspeakers over mosques. Raj Thackeray has demanded and warned to remove…
5 steps you can take to reduce the impact of home loan on your tax planning
[ad_1] While buying a home of its own is a dream for many, it cannot be ignored that there is a lot of social pressure on the young earners at this time… The good thing is that the government has given various tax concessions over the years to boost the real estate activity. These concessions coupled with easy availability of loans have made it easy for people to buy a home early in life. For a young earner, buying a home is a huge commitment, which results in taking out…