The property has no patta
I have taken an house loan from HDFC in 2009-10 but the flat will be given posseion only in July 2010, although EMI has already commenced. Can I claim tax exemption in this year on the interest, though I have not got posseion of the flat. Construction is 80& through.
With news of banks slashing interest rates…will the existing borrower benefit and also are there chances of principal amount being reduced keeping in mind the reduced property rates?
I am planning to buy a property in bangalore. Presently i am working in a PSU earning 30000 p.m. And i can afford 25000 towards EMI. and rs. 1000000 down payment from my savings.
I want to know how much maximum loan i can get? I dont have any other property to pledge.
I have seen a property of 8500000. Which will earn additional rent towards EMI.
Can i pledge that property and increase my loan capacity even before buying that property?
if a person has two properties in his name, is he eligible for a housing loan for a third property? If yes, what are the conditions?
Property in the name of housewife. Can the Husband get deductions for housing loan interest?
I have taken housing loan from a bank, myself being an applicant and my wife is a co-applicant. She is housewife. She has no income. While, at the time of Registration of my flat, it was registered in the name of my wife. The repayment of housing loan instament is being paid by me from my own income. Can I claim housing loan intrests benefits, as per income tax benefit?
i;m planning to by a rental residential property in india in about next 12 to 15 months. Do the indian banks provide rent only home loans ? Rent only loans may help in increasing the loan eligibility.
If self and spouse are joint borrowers then can each avail the full exemption. Can part exemption is allowed e.g. Husband takes the full interest part of loan repayment and part payment of the principal. While remaining part of the principal is availed by wife for tax exemption. Is this allowed and if yes under which rule of income tax?
my father has a flat in delhi and he is residing in bangalore.i want to buy some property.also a housing loan will also give me some concessions on income tax.. can i buy my fathers flat from him and will banks be willing to give a housing loan to me?is there any way of doing this?
Earlier I had taken a Housing Loan and I am getting the applicable Income Tax benefits on it. Now, I am planning to buy a new house after taking a new housing loan. I would like to know that am I eligible to get the Income Tax benefits on a/c of my 2nd Housing Loan or not. If yes, under which section of Income Tax.