Tax Rebate on Home Loan
This query is : Resolved
01 April 2009
Hi,
Iam looking for a home loan of INR 500000.
How I can get the best deal to get max tax benefit in this home loan amount.
IS it better to take it for 5 years or good to take it for 10 years.
How much EMI will be best for tax benefit
What is the concept of Tax rebate on principal and interest ?
Kindly guide me
Iam looking for a home loan of INR 500000.
How I can get the best deal to get max tax benefit in this home loan amount.
IS it better to take it for 5 years or good to take it for 10 years.
How much EMI will be best for tax benefit
What is the concept of Tax rebate on principal and interest ?
Kindly guide me
HUZAIFA HUSSAIN
(Expert)
01 April 2009
IF THE HOUSE IS FOR SELF OCCUPATION THAN THE MAX INTEREST DEDUCTION IS RS.1,50,000/- PER ANNUM UNDER INCOME FROM HOUSE PROPERTY. THE PRINCIPAL REPAYMENT OF HOUSING LOAN IS ELIGIBLE U/S 80C IN WHICH THE OVERALL DEDUCTIONS SHALL BE RESTRICTED TO RS.1 LAKH.
SO PLAN UR REPAYMENT SCHEDULE ACCORDINGLY
SO PLAN UR REPAYMENT SCHEDULE ACCORDINGLY
K V Subba Rao
(Expert)
01 April 2009
Please visit www.apnaloan.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
