I am constructing a house on home loan from nationalised bank. The house is under construction. I am paying only the interest now for the 1st installment amount released by the bank. can I get the tax subsidy for this interest amount?. When I can get the full tax subsidy?
trying to include home loan interest.. but where can i include.. row 2a have only positive No.s. i am individual salaried.
My wife and I bought a house in December 2007 and chose to go into 25%-75% share to aim max tax subsidy on home loan. But after two-three years if we choose to buy another home in name of my wife, can I change the share percentage as 100% for me so that she will aim total tax subsidy on the home loan used to buy new home?
I am paying EMI of my home loan. The House is still under construction since last two years. So how can I aim IT exemption on HRA and EMI paid since last two year?
My wife does not intend to apply for home loan and not a IT assessee. Where as she brings in some initial amount to buy the house; I plot to apply for the home loan fully and want to know if I can get 100% of tax benefits even though the home will be registered on joint names.