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Monday, September 12, 2016
Tax benefits on buying and selling a house
Even though WiFi has become a necessity that we can’t live without in these times, the Roti-Kapda-Makaan trinity remains the eternal Indian dream. Within it, the dream to own a house is a dream that most of us strive very hard to fulfill. All of us want a house of our own, which we can turn into a home. We work hard and save harder to make this dream come true. And to aid our endeavors, we take home loans as well.
It is estimated that a majority of Indians have a home loan. But unfortunately, not everyone who takes a home loan understands the tax benefits that they can claim on the loan. These benefits can reduce your tax burden in a major way. Let’s understand how.
Even though WiFi has become a necessity that we can’t live without in these times, the Roti-Kapda-Makaan trinity remains the eternal Indian dream. Within it, the dream to own a house is a dream that most of us strive very hard to fulfill. All of us want a house of our own, which we can turn into a home. We work hard and save harder to make this dream come true. And to aid our endeavors, we take home loans as well.
It is estimated that a majority of Indians have a home loan. But unfortunately, not everyone who takes a home loan understands the tax benefits that they can claim on the loan. These benefits can reduce your tax burden in a major way. Let’s understand how.
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