What Are the Tax Benefits of a Home Loan??? The Home Loan Tax Benefits You Can Claim While Filing ITR are: Principal Repayment Deduction Under Section 80C Principal Repayment is claimed under Section 80C, which has an overall deduction limit of ???1.5 lakh. Interest Payment Deduction Under Section 24(b) ?? Interest Payment is claimed under […]

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 […]

After India???s scorching summer, the arrival of Monsoon marks a relief for everyone. Along with the refreshing greenery and lowered temperatures, the monsoon also brings humidity and musky smells around your house. This makes weather-responsive decor upgrades less of a seasonal luxury and more of a practical investment for comfort and durability. In 2026, the […]

Living Room Wall Decor Ideas The perfect living room wall decor helps to transform your home into a masterpiece. Explore a variety of aesthetic living room wall decor ideas to find a style that suits your home. What Are The Best Living Room Wall Decor Ideas? Instead of focusing on a single wall of your […]

What Is Section 194-IA? Section 194-IA states states that TDS is applicable when you buy a property which is worth ???50 lakh or more from a resident seller you must deduct 1% TDS from the property’s sale value. The buyer is supposed to deduct this TDS before making the payment to the seller or at […]

Old vs New Tax Regime – Understanding the Basics If you have opted for a home loan, picking the right tax regime is something you should not skip. The two tax regimes work very differently and understanding the basics about the Old vs New Tax Regime can help you make the right decision so that […]

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 […]

What Is Section 24(b) of The Income Tax Act? Section 24(b) is the section in the Income Tax Return where you declare the interest paid on your home loan to claim tax benefits under Section 24(b) of the Income Tax Act.?? While filing the ITR, a homebuyer will need to provide basic details about their […]