Mastering Home Loan Deductions | Your Ultimate Tax-Saving Guide 🏠💰
Welcome to our KZread video on "Mastering Home Loan Deductions"! 🏠💡 Are you a homeowner looking to save big on your income tax returns while securing your dream abode? Or are you considering taking a Home Loan to make your homeownership dreams a reality? Either way, you've come to the right place!
In this comprehensive guide, we'll walk you through everything you need to know about utilizing Home Loan deductions to your advantage and maximizing your tax savings. From understanding the intricacies of Section 24(b) and how it can reduce your tax burden by accounting for the interest component of your Home Loan to unraveling the mysteries of Section 80C, which allows you to claim deductions on the principal repayment - we've got you covered!
But that's not all! Our expert advisors will also share pro tips and strategies that go beyond the basics, ensuring you're well-equipped to optimize your tax planning. We'll shed light on additional tax-saving opportunities related to your Home Loan that you might not be aware of, putting more money back into your pocket.
The process of claiming Home Loan deductions might seem daunting, but fear not! We'll guide you through the essential documents required for a smooth and hassle-free tax filing process, making it a breeze for you.
Financial freedom starts with knowledge and smart investing decisions. By the end of this video, you'll be empowered with the insights to master your Home Loan deductions, leading you one step closer to your financial goals.
Hit the play button now and embark on your journey to financial freedom! 💸🚀 Don't forget to share this video with friends and family who might find it beneficial. Remember, it's never too late to start saving on taxes and securing your financial future.
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Пікірлер: 42
Very informative video. In future I would like to see: a) claims / deductions allowed in case of joint ownership of property between husband and wife b) claims /deductions allowed for second home
Great video. Very helpful 👍🏻
Dhanyawad ji 😊
Sir, If Unsecured Loan taken from relative/ other, then can we took deductions (we are making interest and principal payment during the year very genuinely).
Very well explained. Thanks for that. I have a query in this regard. My under construction flat comes under Affordable Housing Scheme. It will be ready for acquisition by Dec. 2023. Can I claim interest part of my housing loan (Rs 1.4 L per annum) under Section 80EEA only (without claiming any amount under section 24 b).
new tax rehime me 10 e ka benifit milega? jab ki old all itr filled as per old tax regime
Hello sir, I have 5 transection for STCG (equity) and 1 transection for STCG INTRADAY (equity), which ITR should I file ITR-2 or ITR-3? HELP SIR, THANK YOU.
Sir, If I have two home loan, one sanctioned on 2015 and other on 2023, can I use 2023's loan interest of Rs 2 lakh in sec 24 and 2015's loan interest Rs 50 thousand in sec 80EE?
If home is under construction (not yet possession) then can I take this deduction?
Is it mandatory to show all houses in home loan tab even if one is self occupied n other on rent
Sir please btaiye ki jish taxpayers ki income only insurance commission se h toh wo 44AD m unki income show krenge yaa phir any others income m....?
Thank you
Sir may u return ITR 4 fill kar rahe thay pr uske Excel utility ko pura bharne ke bad tax calculation per click karne par select proper error aata hai joSN per click karte Hain tu usmein so Karta hai click on calculate tax sir please bataiye ismein kaise solve kare error ka koi upay bataiye
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 or NOT.
Where do i mention income from google rewards in other sources or winning
Sir can Co-applicant can claim deduction even he pay emi and loan amount
Sir, please clarify interest home renovation deduction
Sir crypto itr mein koi notice aya hein kya ? Ek video banaye.. binance mein tds nehi pay kia to transaction dikhana parega ?
Ye dection amount intrest mey hoga ya tax mey
self occupied mein jaha par detail add karni hai wo option disabled hai
What if the property is self occupied and let out both?
ITR 4 ke claim kar sakte hai kya sir
Nice video
thx
sir minding explanation still some people thing that loan deduction is only upto 200000
can you provide some details on under construction property sir
What if a property is under construction?
80C is not for loan principal. Please check again
Last me deduction me 24 wala 200000 deduct nhi hota only show hota he but deduct nhi hota
Can I claim benefits of Housing loan if property is jointly owned by Wife and Sister in Law ?
@FinTaxPro
9 ай бұрын
No
Would Noida and Delhi be considered to claim HRA and home loan interest deduction together?
@FinTaxPro
2 ай бұрын
Yes, proper documentation required. If you need our service you may contact us +919718097735
Excel utility mein late fee ka koi option hi nahin de raha
@FinTaxPro
Жыл бұрын
apne aap calculate ho jayega
Sir HRA kyu nhi claim kr skte agar interest bhi hai to ? Mere CA ne bola law me aise kahi mna nhi kiya to le skte hai
@bhavesh_purohit
Жыл бұрын
Agar house bhi liya ho to fir rent pe kese rhte ho bhaiya
@sunilsn4921
Жыл бұрын
@@bhavesh_purohit vaha family rehti hai and vo Ghar 30km dur hai office se isly rent pe rehta hu
Background is on sync & crazy
Mera home laon interest 60000 thousands and principal 91726 h mughe kitnab
कुछ समझ नहीं आया