ADVERTISEMENT

Home Loan: 5 Tax Benefits You Must Know

Home Loan: 5 Tax Benefits You Must Know
Buying your first house on a loan comes with multiple tax benefits. These deductions not only reduce your tax outgo but also help in managing your cash flows better. Here are all the deductions you can claim when you take a home loan: 1) Deduction on interest: If you are paying EMIs for a home loan you took to buy a house, the interest component in the EMI can be claimed as deduction. You must be both an owner and a co-borrower (in...
Register for Free
to continue reading
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit