I own two flats and for one flat rebate is taken towards interest and principle...its now fully repaid no loan at all...but for the other property i need to start taking rebate.Will this flat be considered as second flat as per taxation law of 2017-18 and rebate ceiling on it is 2 lakh interest only or unlimited as of let out flat.I am claiming only for one flat although i am having two flats.taxation Rule speaks about the second home rebate ceiling is 2 lakh.When i am not claiming for first flat in that financial year is the limit of 2 lakh applicable to me in the interest component??please suggest me in this case
I own two flats and for one flat rebate is taken towards interest and principle...its now fully repaid no loan at all...but for the other property i need to start taking rebate.Will this flat be considered as second flat as per taxation law of 2017-18 and rebate ceiling on it is 2 lakh interest only or unlimited as of let out flat.I am claiming only for one flat although i am having two flats.taxation Rule speaks about the second home rebate ceiling is 2 lakh.When i am not claiming for first flat in that financial year is the limit of 2 lakh applicable to me in the interest component??please suggest me in this case
hello guys, Need your help and valuable advice on below queries: I am planning to buy a 3bhk apartment in pune which approx costs 1.5 cr.I have a property in jaipur on my name which i m planning to sell and want to put that money in this pune home.The money i will get after selling is approx 85 lakhs,which i cant sell before feb 2018 as its will come under short term capital gain,so will do sale deed for jaipur property in mid feb 2018.As per CA he said that i can use that whole amount and put that money in pune home without any taxation if i do that within six months after sale deed.Now i want to know Can i use that money in this pune flat if i add my wife as co owner in flat and co applicant in home loan.As in this case this new property wont be in my name alone..Can i still use the money got from jaipur property sale in this new flat without attaracting any taxation and other issues??If yes then i have to take a less amount of loan which is more suitable. Also i want ur good advice that should i book home in pune after that jaipur property is sold?As now the builders in pune want only token amount to book a flat but after 45-50 days they want full money as the flat is ready to move in.Now i m a bit afraid that if that jaipur property unable to be sold in time ,then i cant pay full amount without taking a huge loan. So i request you all to please advice me in this matter and help me in planning my money without much risk.
hello guys, Need your help and valuable advice on below queries: I am planning to buy a 3bhk apartment in pune which approx costs 1.5 cr.I have a property in jaipur on my name which i m planning to sell and want to put that money in this pune home.The money i will get after selling is approx 85 lakhs,which i cant sell before feb 2018 as its will come under short term capital gain,so will do sale deed for jaipur property in mid feb 2018.As per CA he said that i can use that whole amount and put that money in pune home without any taxation if i do that within six months after sale deed.Now i want to know Can i use that money in this pune flat if i add my wife as co owner in flat and co applicant in home loan.As in this case this new property wont be in my name alone..Can i still use the money got from jaipur property sale in this new flat without attaracting any taxation and other issues??If yes then i have to take a less amount of loan which is more suitable. Also i want ur good advice that should i book home in pune after that jaipur property is sold?As now the builders in pune want only token amount to book a flat but after 45-50 days they want full money as the flat is ready to move in.Now i m a bit afraid that if that jaipur property unable to be sold in time ,then i cant pay full amount without taking a huge loan. So i request you all to please advice me in this matter and help me in planning my money without much risk.
if a loan sanction by LIC HUL on name of me/my wife name than it may be joint loan or if a loan sanction LIC HUL on name of me and my wife name it may be joint loan. Kindly clarify.
a housing loan sanction by lic finance ltd on name of me/my wife but total emi paid by me while my wife is house wife and registry of house on name of my wife can i take rebate in income tax
