I am staying in rented house in Bangalore and my parents are staying in Andhra pradesh in my own house and house property is on my father name and he re-tried, annual income not exceds 1 lakh now.
I applied home loan for renovation on my own house and I provided all income documents for approval and I started paying installments.
Will repayment of home loan interest and principle accept for tax assumption?
I would like to know the interest rate, period and best bank from which i can take a home improvement loan in Kerala.. I only need an amount between 6 lakh to 10 l0 lakh.
Please tell the tax benefits available on home renovation loan. I'm in process of buying a flat which will also require renovation. Can I avail tax benefits on both and if yes to what extent? Thanks Lalit
Some companies offer a home improvement loan which also includes purchase of appliances such as air-conditioners. Will such a loan be eligible for tax benefits. Under what section are home improvement loans exempt from tax.
