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Tag Archives: Interest on Housing Loan
Joint Housing Loan and Tax Benefit
Q. My Brother and I have decided to buy a flat and we will take a joint housing loan. How can we claim tax benefit for this year? A. You can claim the tax benefit in the ratio in which … Continue reading
Posted in Income Tax
Tagged House Property, Income Tax, Interest, Interest on Housing Loan, Joint Property, Loan, Tax Benefit on Home Loan
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FAQ On Housing Loan
Q-1 What are Income tax benefits of taking a housing loan under EMI Plan? First Equated monthly instalment (EMI) amount is to be divided into the principal and interest components. The repayment of principal amount of the loan … Continue reading
Posted in Income Tax
Tagged Home Laon, Income Tax, Interest on Housing Loan, residential property, Tax Benefit on Home Loan
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