People like you actually who are unaware of CA are trying to make fun but if I tell you CA is not only for tax saving but there are lot other things infact tax saving for an individual is just a trivial thing for CAs so jo tune kaha ki pungi baj gayi woh teri nadani hain
It's good information video about home loan tax savings. Only one information need . in 80EEA only home loan should be taken in 2019-20 yrs or previous yrs also.
Sir your channel is one of the best channel on youtube, all of your videos clears all my doubts and filled me with all your valuable knowledge. Thank you sir for your contribution into this world.
Mukul bhai aap bahut acha samjhate hain mai hamesha apki video dekhta sabse best part hai ap pe trust kar sakte hain aur apki sadgi , kripya isi tarah bane rahna
sir ye clame kaha kisko karenge ? govt or bank ? aur isko kab karenge possession k bad ? plezse guide me dear sir ,as usual great vedio again masha Allah meri duwa apke sath hai
Already like the video before seeing it,because I am confident this time also video content and information will as good as always. ..Keep going Asset Yogi..
Hm ek flat liye hai. Uska loan iss saal se start hua hai. Toh uska interest and principal hm iss saal se ye benefit avail kr sakte hai ? Bt flat abhi under construction h ? Please help.
Thanks for the informative video. I would like to know if one has two home loans, would he be able to claim 2L deduction for each home loan or 2L for all home loans together??
Sir ye principal amount kya hota hai ?? Isme byaj (intrust) juda huwa hota hai ya nahi ar hame kaise malum chalega ki ye mool loan hai isme kisi tarah ka intrust nahi hai.manlo maime 20 lakh ka loan liya hai isme 18000 emi hai to isme principal kya hoga ar intrust kya hoga ??
Hello sir ,I want to you make a vedio those topics are about the current information ESI calculation and different a/c, gratuity calculation, salary structure and bonus calculation,gross calculation ,plz make a vedio individual bcz I have watched the your vedio is epf about that very good way to told everything's.i have impressed your vedio. you're doing great work.i lub your teaching style keep on it's.
Hi Thanks for sharing very imp info. My home loan starts in 2017 and was paying PRE EMI. From Feb 2018 I started paying EMIs and got the Flat possession as well. So for the Assessment year 2019-20, I have done the calculation for SEC 24 as below 2017-18 PRE-EMI INTEREST Rs. 54,573.00 2018-19 PRE-EMI INTEREST Rs. 1,83,721.00 EMI COMPONENT Rs. 36,615.00 Total PreEMI = 238294/5 = 47658 (As PRE Emi Interest can be claimed only 20% for 5 years) Total Interest = 47658 +36615 = 84273 (This amount will go in SEC 24 Interest payable on borrowed capital) Does this calculation look good to you? OR can I claim anything in SEC 80EE?
Hi Sir...(1) Which is the best reliable full service broking firm with less brokrage ???? (2) which one better discount broker or full service??? (3) where is money safe with full service broker or discount broker...
Hi, two queries: 1. For self occupied properties if we are paying municipal taxes and yearly maintenance, can we show them as losses? 2. In case of joint owners and joint loan, if only 1 owner actually is repaying the principal and interest (emi) can still both the owners claim principal and interest separately? Thank you.
Hello sir Maine Hdfc bank mein home loan ke apply kiya hai 6.5 lakh ka.....processing fees ka cheque diya 3540/ ka....pehle bola ki interest rate 10 lgega Maine bola ki thoda kam kro aapne 8.9 bola tha bolte ki thik hai phir wo cheque debit ho gya hai account se....abhi fon aya ki thoda mushkil hai approve hona..maine bola ki cheque toh debit ho gya hai phir bolte hai ki ohh main pta karta hu branch mein...kya kr sakte hai
Sir, maine 30L ka joint loan liya hai ek 3bhk flat ke liye. Abhi yeh under construction hai. Aur maine 7L (without loan, from my savings) use kiya hai ek dusra property ke constructoin ke liye mere home town me. Mere pass kya kya options hain tax savings ke liye?
सर, मेरे मकान के लिए दो आवास ऋण खाता चल रहा है, पहले प्लाट परचेस का एक आवास ऋण खाता, अब उसी प्लाट पर मकान बनाने के लिए आवास ऋण खाता (मकान Completed है). तो क्या मैं दोनो खातो के Interest & principal को Tax Deduction हेतु Claim कर सकता हूं....🙏🙏
Reg. Additional 1.5 lac rebate where property must not exceed 45 lac. I am purchasing a flat where the deal value is 44 lac but Gov. Circle rate is 47.5 lac. Am I eligible for additional 1.5 lac rebate?
Sir if we are buying land for house construction, can we get a home loan for both buying the property and construction? Suppose the land cost is 30L and construction cost is 20L. So can I get a home loan for 50L?
1) I have taken First housing loan for Rs 23 lacs for purchase of residential flat in July 2016. It is self occupied & its loan interest for fy 2021-22 is around Rs 62000. (2) I have also taken 2nd housing loan for Rs 80 lacs for purchase of 2nd residential flat joined with my spouse in July 2021 . It is also self occupied & its loan interest for fy 2021-22 is Rs 367000.(3) Then how can I claim how much amount in section 24 ( Rs 2 lacs) & 80ee ( Rs 50000) or 80eea . Please guide me in this case as early as possible. Thank you so much.
Sir, ek important scenario cover nahi kiya in case of construction goes beyond 5 years. For example, if I have taken a loan in 2009 and got possession in July 2019. then Can I take rebate for current year as Rs. 30000 + ( interest of 10 years / 5) = Maximum Rs. 200000
Sir I have purchased a flat in 2012 which I sold in 2018. Presently I don't have any property. Now I want to buy a new house of rs 40 lakh can I get the benefit of tax saving of rs 3.5 lakh
Hi Sir. Thanks for sharing all this information in a fantastic way. I've availed home loan and it was sanctioned on 10th May 2018. By terms I'm not sure if I am eligible for any of the 80EE or 80EEA benefits. Is this a ghar ka na ghat ka situation or is there any way I can claim any of these additional deductions ? Awaiting your response. Appreciate your help here.
Sir home construction (extension) ke liye lic se 25 L ka loan liya tha property mother ke name chal rahi hai. Loan liability humne (husband wife) li thi tex benefits ke liye kay karna chahiye ...pls suggest
If I own one Home and buy 2 resale homes by taking home loan on both homes and let out both these homes on rent during 2020, then can I show loss from house property for both these homes and can I adjust total interest paid ( Rs. 9 lakh ) on these home loans against tax deducted from my salary income ?
Sir, mera ek two storied ka home loan chal raha hai, loan 2 storied building k pura mila, but expenditure jyada hone s ground floor conplete nhi kar paya aur abhi mai 1st floor k finishing kar 1st floor m reh raha hu aur section 24 claim kar raha hu. Abhi May 2023 ground floor complete karne k liye fir s home loan liya hu, jisme purpose diya "residual work for existing home loan under Home Loan, Housing Finance Scheme" . Abhi mai in dono home loan s maximum kitna tax exemption le sakta hu.
I really wish you would have given more insight to section 80EEA.. Like for metro cities they have some different rule and other things you might have included.. I myself was searching for that thing in your this video. :/ Any more info on this please?
I have taken home loan in 2013 which was eligible under 80EEA that time for Rs. 50000. Upto when the same loan will be eligible under 80EEA. Whether the same will be eligible for the current financial year also ?.
Conditions with respect to the carpet area of the house property. These conditions have been specified in the memorandum to the finance bill, but not mentioned in section 80EEA: The carpet area of the house property should not exceed 60 square meter ( 645 sq ft) in metropolitan cities of Bengaluru, Chennai, Delhi National Capital Region (limited to Delhi, Noida, Greater Noida, Ghaziabad, Gurgaon, Faridabad), Hyderabad, Kolkata and Mumbai (whole of Mumbai Metropolitan Region) Carpet area should not exceed 90 square meter (968 sq ft) in any other cities or towns. Further, this definition will be effective for affordable real estate projects approved on or after 1 September 2019
Hello sir, pls make a video on PMMY Yojna loan and explain if it will be profitable to take a loan of 10lakhs assuming that the business runs smoothly.
Thanks, very well explained on Home Loan Taxation. 1 Doubt Sir.. If before end of financial yr If get possession or occupancy certificate from Private builder for a Flat in an Apartment. (Though all other areas like park, club house, swiming pool etc yet to complete.) Can we claim Tax Deduction u/s 24- 2L & 80EEA 1.50L. Do we hv to upload completion certificate of Builder ?
This is Shivam Gour, I need valuable information about Hoam Loan tax deduction. I have taken a Home Loan & bought Home which is registered on Mother's Name. I am paying EMI's from my account and bank has added my mother as a Applicant & myself as a Co-applicant. So My question is that can I claim tax deduction under IT Section 24 & Section 80C. Waiting for your reply
Sir prepayment of home loans means what. ? Suppose I take 25 Lakh home loan for period of 25 years . And after 3 years makes part payment of 5 lakh rupees what exactly done in this situation . Is either I pay PRINCIPAL AMOUNT ONLY OR INTEREST OR BOTH. HOW does it benift me ?
If you pay principal amount, your loan will finish earlier or interest amount will be reduced.. Interest payment will reduce burden of monthly interest.. both is balanced of both.
In starting years interest component is more,so part payment is good to take tax benefits. In later years principal is more so you will lose on tax benefits.
