What is Section 80C Of The Income Tax Act? Section 80C of the Income Tax Act, 1961 allows eligible taxpayers to claim a tax deduction of up to ???1.5 lakh per financial year on specified investments and expenses under the old regime in the Income Tax Act.?? Section 80C is most commonly preferred to reduce […]

Home Loan Tax Benefits: A Complete Guide for Homeowners Buying a home is one of the most important financial milestones in an individual’s life. Beyond the emotional fulfillment of owning a house, a home loan is not just a long-term financial commitment but also a strategic tool for multi-year tax optimization. There are some valuable […]

Affordable housing tax benefits allow a first-time home buyer to claim up to ???1.5 lakh deduction under Section 80EEA along with standard deductions under Section 24(b) and Section 80C. This blog has covered all the aspects of Section 80EEA, Section 24(b) and Section 80C for home loan tax benefits. Affordable Housing Tax Benefits Explained Every […]

Claim Home Loan Interest Deduction Under Section 24(b) A home loan can help you save tax on the interest you pay every financial year. Under Section 24(b) of the Income Tax Act, eligible homeowners can claim a deduction on home loan interest while filing their ITR under the Old Tax Regime. How Much Deduction Can […]

Section 80EEA of the Income Tax Act A person who has bought a home for the first time can claim a deduction benefit of ???1.5 lakh through Section 88EEA on the interest paid on a home loan, though conditions apply to become eligible.?? What is Section 80EEA of the Income Tax Act? Section 80EEA provides […]

Which Tax Deductions Are Available During And After Construction? Tax benefits on under-construction property may include different tax deductions. It depends on the stage of the construction. Once the property is purchased, the home loan interest can be deducted under section 24(b) of the Income Tax Act, 1961, while the principal repayment can be deducted […]

Investing in real estate markets is one of the most reliable and smart ways to build long-term wealth but the financial returns from real estate transactions are not completely yours in total. We have to share a significant portion with the government as taxes. When you buy, hold, and sell real estate property, you must […]

Choose the Old Tax Regime if Your Total Deductions are Substantial For Tax Savings The Old Tax Regime helps you claim several tax deductions that help you reduce your taxable income. If you have a home loan, tax-saving investment, health insurance, or NPS contributions, the Old Tax Regime may help you pay less tax than […]

If you are earning a stable rental income from your residential property, then it is one of the best ways to secure your financial future in India right now. You must also know about the critical responsibilities of tax compliance and other similar factors that may help you avoid any tax-related issues. It is regularly […]

MBMC Property Tax 2025 MBMC Property Tax is an important source of income and the backbone of the corporation. This corporation manages 79 sq. km of unit area. Within this area, there are 38473 properties and property tax holders are around 357,992.?? The department of property tax is been divided into 6 divisional offices and […]