Read somewhere that couple can avail double tax benifit on home loan if both are working.   How does that work?

It might be silly but still i wanna know. I have a home loan taken recently will the loan amount be included in my income and taxed? For example if my taxable salary is 2L and loan amount is 10L .Then the tax will be calculated for 12L?

I have recently taken a Home Loan. I have received the first installment from the bank and going to start my EMI from next month. I dont have dependents and have a insurance to an extend of 6L. This home also has some investment from my father and brother of about 15% and we stay […]

Dear All, I am a Qatar based NRI.My bank here offering a personal loan at 5.55% diminishing interest rate. I am can take loan upto QR 12000  nearly Rs 1500000. This is a limited period offer for its salried account holders.I am not able to decide whether to go for it or not? Can any […]

Hello all, I am offered a personnel loan with 8% interest. Should i take it and invest to generate 12 % return? I have 10K per month to repay the loan for next 3 years. Whats experts opinion if supposed they do have such opportunity.   regards   Jig  

I’m planning to take a loan of 2.5L against my FD. FD currently draws 9% interest and the Bank has offered loan on 10% for 1 year. Is it a good idea? How much I’ll be paying as interest on Loan and how much I would be earning as Interest on FD component.

hi all I have the NRO ac SBI BANK in india and at present i am living iin KSA , i want to take home loan from to buy a house . Please guide me if it possible by this acount or i have to open the another NRE acount.   secondly how much loan […]

Hi, Am going to take housing loan but in dilema whether to go for a Housing loan with fix or floating rate of interest. LIC housing Finance offered me fixed floating rate of interest 9.95% for first 5 years and 9.00% for floating rate of interest. Considering the current market situation which will be the […]

I am applying for a loan in HDFC and they have this option in repayment of loan section.After reading this i am not getting much idea on the lumpsum investment part. I will be getting some lumpsum money in next 2 years as i will be working in onsite soon.So i might want to repay […]

Hi, I have purchased a new house and it is under construction. Possession will be in Dec-11. I am opting for a new home loan and going to close old home loan. Whether the interest of new home loan will be taxable? Can I claim it for income tax deduction? Regards R.Khose