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Monthly Archives: February 2014

It is very difficult to buy the house from our own saving without obtaining a home a hikes in property price in last Many Years. It becomes almost impossible for middle and lower class to buy an house . Home loan becomes necessity to Purchase a house.we will discuss the tax benefits which one can avail under the income tax act,1961 on purchase of House Property including all cost like stamp duty and registration expenses.

Section 80C of Income tax popularly known to the person who comes in tax brackets either 10%,20% or 30% but only two three schems they are popularly known If an individual falls in the 30% tax bracket and has exhausted the maximum limit of Sec 80C, one can save Rs 30,900 in taxes. We runs you through the provisions of Section 80C. However, we highlight those schemes that are little known and which many investors avail of sparingly.Stamp duty and registration charges

If you did not file your taxable tax return or loss return till now file it,because the financial implication may imposed on you ,it may be impact on your financials like penalty,interest and carry forward of losss.Individuals primarily with salary income and certain other tax payers were required to file their tax returns by August 5, 2013, for the financial year 2012-13 (assessment year 2013-14).

Tax saving through investing in house property is a best way where we can save tax by build wealth also .According to me under section 80 C no other elements is not so good as the investment in Residential house property because no other payments is increase according to inflation as propery increase . Buying own home is like a dream come true for most of us.But do you know that buying an house can also provides you tax benefits Under section 80C of the Income Tax Act,1961?In this article I am discussing the Qualifying Amount, conditions, Limits subject to which we are eligible for deduction U/s. 80C for Investment in Residential House Property.

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