Results for #loans

Taxes & Duties #occupy#loans#rent#loan
I own three flats, one of which I occupy myself. The other two are empty. All three have been bought with home loans which are still being repaid. Can I give out the other two flats on rent, and still claim tax benefits on the home loan interest payments?
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Harsh Bhuta, Chartered Accountant  

37 Answered

Answered on November 08, 2017
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    • Yes, you can give the two flats on rent and claim deduction in respect of interest paid in respect of the home loans on the two flats in your return of income.
    Legal #land#hyderabad#advice#loan#loans
    I am a 24 year old independent working professional. I am aspiring to buy a plot of land in Hyderabad under DLF builders. I wanted to seek your advice regarding this decision and what kind of procedures should I take care of. I am planning to take a loan of approximately Rs. 11 lakhs and also, currently I don't have any loans on me.
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    Dhiren Shah,Advocate & Solicitor

    291 Answered

    Answered on November 08, 2017
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    • You will have to conduct a thorouh due diligence of the title of the developer and thereafter apply for loan from any bank offering the best rate of interest for such transaction.
    Bank Finance #banks#offer#loans
    Is there a moratorium period banks offer for the repayment of home loans? If yes, what is it?
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    Rachanaa Group  

    129 Answered

    Answered on November 08, 2017
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    • Moratorium could be offered to a borrower, however it is subject to the papers and the relationship the borrower normally shares with the lending institution. There are multiple factors that decide the term of moratorium offered by a bank