Income Tax Benefit For first Time Home buyer - Budget 2016-17, ~ Estate, Market, Fund, Insurance, Loan

Income Tax Benefit For first Time Home buyer - Budget 2016-17,

Investment GuruThursday, April 21, 2016 No comments

Budget 2016-17: Income Tax Benefit

For first Time Home buyer -

New Section: 80EE

Interest on housing loan allowed as deduction

Cost of asset – Rs.50 lac

Loan sanctioned – Rs.35 lac (01.04.16 and 01.04.17)

Deduction /Tax Benefit – Rs.50,000

Assessee should not own any other residential house property

No comments:

Post a Comment

Popular Posts ALL TIME
- Tamil Nadu : Land Guideline Value Increased From April 2012
  
  Tamil Nadu Finance Minister, Mr. O. Panneerselvam said in his Budget (2012- 2013) speech...! ''As the State is losing huge ...
- New Guideline Values from April 1, 2012 : Heavy Rush for Property Registrations
  
  All those registering properties from April 1, 2012 will have a new set of guideline values to adopt. The Tamil Nadu State Government will ...
- Construction of a 1,000 Sft residential house: Cost break up
  
  Construction of a 1,000 Sq.ft residential house: Cost break up * # Plinth area - 1,000 sq. ft # Cost of cons...
- Tamilnadu : Revised guideline value by December, 2011
  
  The revised guideline value of properties all over the Tamailnadu State is expected to be finalised in a month. that is December, 2011 Few...
- Arun Excello Compact Homes - Vasanthaa : Flats Rs. 9 Lakhs all inclusive Price..!
  
  Name Of the Promoter: Arun Excello Project Name: Vasanthaa Type : Flats Salient Features...! 1 BHK Flat Rs. 9 lakhs...
- Tamilnadu New Guideline Value : How much Increased?
  
  The TN (Tamil Nadu) state government has decided to implement the revised guideline value of plot of land and properties with effect from...
- Tamilnadu: New Guideline value in January , 2012
  
  The Tamilnadu government had lost stamp duty because of the long gaps between revisions of guideline values. The last revision was in 2007, ...
- Why India Needs Real Estate Investment Trust ?
  
  By Mr. Rajiv Luthra, Ms. Geeta Dhania, Luthra & Luthra Law Offices Make real estate investment trusts even better mass money magnet...
- Blacklisted Builders South India Part 1
  
  Blacklisted Builders South India Part 1 Blacklisted Builders South India feb 2020 SL No Devel...
- Tamilnadu: New Guideline value implemented on February, 2012 ?
  
  The Registration Department of Tamilnadu has launched the process of implementing new guideline values. The last revision was in 2007 and t...

Popular Posts LAST YEAR
- Indian Real Estate Investment: Do not Ignore The Data..!
  
  Mr. Om Ahuja JLLIndia By Mr. Om Ahuja, Jones Lang LaSalle India Being euphoric about one's residential real estate investme...
- India@100: Anil Singhvi picks 25 special stocks for bumper returns in long term - Full list
  
  India@100: Anil Singhvi picks 25 special stocks for bumper returns in long term - Full list The stocks picked by Anil Singhvi have strong fu...
- Chennai Major Area Land Price 1990 to 2014..
  
  Chennai Major Area's plot of Land Price from 1990 to 2014 Anna Nagar.. Year Rs. (Per Ground*) 1990 3 ...
- Mr. B. Padmanaban, CFPCM, Certified Financial Planner, Chennai..!
  
  Mr. B. Padmanaban, CFPCM Certified Financial Planner Fortune Planners Chennai Office Location: No 472B, First Floor, Anna Salai, N...
- TASMAC Wine Shop : Violation of MRP Complaints Telephone Numbers 044- 2854 2303, 044 - 2852 1970 and 044 - 2852 4608..!
  
  TASMAC SALES TURN OVER..! Tamil Nadu State Marketing Corporation Limited (TASMAC) has had a steady growth in its sales turnover over the ye...
- Tamilnadu District Registrar Office Tenkasi
  
  Tamilnadu District Registrar Office : Tenkasi S.No District Address Telephone Email 39 ...
- Blacklisted Builders South India Part 1
  
  Blacklisted Builders South India Part 1 Blacklisted Builders South India feb 2020 SL No Devel...
- Registration of Sale Deed is Mandatory in India.!
  
  If the value of the property is less than Rs 100, the registration of its sale deed is not mandatory . So, all sale deeds need to be regis...
- Increasing Demat Accounts India total demat account 11.5 crore
  
  Increasing Demat Accounts India total demat account 11.5 crore
- VGP Housing : Branches contact details
  
  Chennai based VGP Housing has Apartments, Independent Houses, Residential Plots projects in Chennai & Bangalore . Here we give conta...

Popular Posts Last 30 days
- Indian stock market continues to fall: What small investors should do..?
  
  By Mr. S. Sridharan, Financial Advisor, https://www.walletwealth.co.in/ Indian stock market continues to fall: What small inve...
- Chennai Major Area Land Price 1990 to 2014..
  
  Chennai Major Area's plot of Land Price from 1990 to 2014 Anna Nagar.. Year Rs. (Per Ground*) 1990 3 ...
- Investment Ideas Note – November 2024 – Wallet Wealth
  
  Investment Ideas Note – November 2024 – Wallet Wealth Market Outlook The equity market fell sharply in October month and m...
- The SENSEX delivered 15.5% over the last 43 years…!
  
  Mr. S.Sridharan, Founder, https://www.walletwealth.co.in/ The SENSEX delivered 15.5% over the last 43 years…! The SENSEX delivered a (...
- Tamilnadu District Registrar Office Tenkasi
  
  Tamilnadu District Registrar Office : Tenkasi S.No District Address Telephone Email 39 ...
- Diwali; Perfect Financial Gifts for Loved Ones..!
  
  Diwali; Perfect Financial Gifts for Loved Ones..! By Mr. S. Sridharan, Financial Advisor, https://wealthladder.co.in/ During Diwali festival...
- Wipro Stock History from 1981 to 2021
  
  Wipro Stock History from 1981 to 2021 Share Fundamentals
- TASMAC Wine Shop : Violation of MRP Complaints Telephone Numbers 044- 2854 2303, 044 - 2852 1970 and 044 - 2852 4608..!
  
  TASMAC SALES TURN OVER..! Tamil Nadu State Marketing Corporation Limited (TASMAC) has had a steady growth in its sales turnover over the ye...
- The Tata Family Tree March 2021
  
  The Tata Family Tree As on March 2021
- Which is Correct - Abridged Prospectus” is
  
  In a share public issue, Abridged Prospectus” is 1. A full version of offer document in public issue. 2. A ...

Popular Posts Last 7 Days
- The SENSEX delivered 15.5% over the last 43 years…!
  
  Mr. S.Sridharan, Founder, https://www.walletwealth.co.in/ The SENSEX delivered 15.5% over the last 43 years…! The SENSEX delivered a (...
- Which is Correct - Abridged Prospectus” is
  
  In a share public issue, Abridged Prospectus” is 1. A full version of offer document in public issue. 2. A ...
- Standard Chartered opens its largest branch in South India
  
  Standard Chartered opens its largest branch in South India - to have world class International Banking Centre for Global Ind...
- Global market timings
- Wipro Stock History from 1981 to 2021
  
  Wipro Stock History from 1981 to 2021 Share Fundamentals
- Motilal Oswal AMC: Investor’s Survey on Passive Funds in India 2024
  
  Motilal Oswal AMC: Investor's Survey on Passive Funds in India 2024 Motilal Oswal AMC Unveils Results of 2 nd Edition of Investor...
- What are Googles Chromebooks..
  
  They are not laptops in the traditional sense, but Google Chromebooks are affordable, well-designed and serve a variety of uses. If all y...
- Tamilnadu District Registrar Office Tenkasi
  
  Tamilnadu District Registrar Office : Tenkasi S.No District Address Telephone Email 39 ...
- TASMAC Wine Shop : Violation of MRP Complaints Telephone Numbers 044- 2854 2303, 044 - 2852 1970 and 044 - 2852 4608..!
  
  TASMAC SALES TURN OVER..! Tamil Nadu State Marketing Corporation Limited (TASMAC) has had a steady growth in its sales turnover over the ye...
- Which is the Correct Financial Planning?
  
  By Mr. Sivakasi Manikandan, MD, AISMONEY Which is the Correct Financial Planning? My personal Financial Planning totally differ...