House Property Taxation Archives | H&R Block | Blog

House Property Taxation

March 23, 2017

Section 24 – Income Tax Benefit on Interest on Personal Loan

Escalating realty prices have left borrowers struggling for money even to meet the down-payment requirement. If you have resorted to a personal loan to bridge the gap between housing loan and down-payment, then there is a glimmer of hope in terms of a tax benefit. […]
January 25, 2017

Home Loan Takers May Get Bigger Tax Relief

Union Budget 2017 is expected to bring good news for home buyers and real estate sector. The government may introduce higher incentives on home loans. It will be a step towards making Pradhan Mantri Awas Yojana (PMAY) a grand success as well as boosting the […]
October 17, 2016

Rate cuts by RBI! Should home loan takers be happy?

Reserve Bank of India has slashed its repo rate once again. The timing has been perfect as this falls in the festive season. On 4th of October, the rate was reduced by 25 basis points from 6.5% to 6.25% with immediate effect. After reduction, the […]
June 23, 2016

Want to buy a home? You must know the associated TDS rules!

Being the owner of your own house is one of the biggest dream of a common Indian. People burn the candle at both ends for several years to fulfill this dream. For most of us, purchasing a house is the biggest financial transaction we will […]
May 19, 2015

H&R Block – Home Loan Taxation Rules: Things That Tax payers Should Know.

  In an era when houses have moved out of the affordability arena, home loan is an important expense in building the dream house for many tax payers. With prices shooting through the roof, the loan requirement too has gone up. The good news is […]
April 7, 2015
home loan tax benefits

Buying a property? Beware of these tax bloopers

  With festivals round the corner and the Reserve Bank of India slashing repo rates – at which the central bank lends to other commercial banks – builders have been doling out offers to lure home buyers. “Buy home now and pay later,” Get car […]
November 17, 2014

Additional Tax Benefits for New Home Buyer

Everyone is familiar that availing a Home Loan can help you save on tax. Up to Rs. 1.5 Lakhs can be claimed as deduction towards interest under Sec 24 and principal payments under section 80C which has a cap of Rs. 1Lakh. In Budget 2013, […]