Ask Experts Questions for FREE Help !
Ask
    abhigarge's Avatar
    abhigarge Posts: 1, Reputation: 1
    New Member
     
    #1

    Jul 19, 2008, 05:39 AM
    Housing loan benefit for I Tax
    Hi,

    I am abhijeet My Current CTC is 12 Lacs and taking loan of 28 Lacs and EMI is 31000/ How? It will Help me for my Income tax. Will all principle amount paid by me will treat as minus income salary from home?

    Pl reply

    Regards

    Abhijeet
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Jul 19, 2008, 11:21 AM
    This is about India Taxes. This forum is about the U.S. taxes.
    For India Taxes, you can try mytaxes - Index

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Housing loan [ 3 Answers ]

I want to apply for a home loan but the home is registered on the original buyer. He can't transfer the registration, but can give me GPA. Can I apply home loan based on GPA(Power of attorney)? If yes where can I apply for that? As I am in faridabad here the floor wise registration is banned by...

Loan disclosure about manufactured housing [ 2 Answers ]

My husband and I recently applied for a refinance loan on our home. It is a doublewide on 5 acres converted to real estate. Everything went fine until the appraiser drove by and to told the bank loan officer it was a doublewide. There was nothing in any of the loan papers we filled out or in the...

Can I avail tax benefit on housing loan borrowed in current year 2007 [ 1 Answers ]

I have borrowed housing loan in year 2007. The possession of the flat will be in next year June 2008. My question is can I avail tax benefit on this loan for the year 2007-08 tax calculation. The amout disbursed to the builder is a part payment not full. I have asked bank to deduct full installment...

Income tax rebate on housing loan. [ 1 Answers ]

Hi, I would like to know what is the income tax rebate that I can get On the housing loan. I have recently bought a property and took housing loan for the same. The property is in the form of Two 1 Bhk Flats adjacent to each other which I wish to join together later. So on what princiapal and...

Deduction of Housing Loan [ 1 Answers ]

Can Pre EMi for housing loan is eligible for deduction.


View more questions Search