POSTED BY March 4, 2013 1:53 am COMMENTS (2)ON
I had some House loan of 11 Lakhs pending. Which strategy should i follow.
1) If i pay approx 50K per month then the comming year i will get a interest of 1.1 Lakhs which will be tax exempt. And the next year it will be something about 50K interest and then loan will be over.
2) If i pay only the minimum amount and the interest accomulate to 1.36Lakhs. I will claim 1.36Lakhs as interest on house loan and claim some about 1Lakhs under 80C. and go on using the same amount of exemption on years to come.
Should i go for investing in gold in the second case?
What option should i use to buy gold so that the jeweler cut is prevented. Safe way to invest in gold.