Understanding taxes is crucial to making the most of your investments. One area where homeowners can potentially save big is through maximizing their home loan tax benefits, by taking advantage of various deductions and exemptions available, thus reducing the tax burden and keeping more of your hard-earned money.
CA Pankaj Saraogi sharing his professional insights on how to make the most of these tax benefits and simplify the tax process for yourself.
Some of the key areas of focus during the webinar will include:
The eligibility criteria for claiming tax benefits
Deduction provisions available & their implications
Choosing between the old vs. new regime
Long-term strategies for maximizing savings
2:43 List of benefits on home loans under Income-tax law
4:49 Home Loan Benefits explained with an example.
33:38 Principal component
48:06 Are benefits available if loans are taken for repairs and renovations
50:22 Guidance for financial and tax planning
58:06 Differentiate the tax benefits between ready to move and under construction properties
1:00:02 Can one claim tax benefits on two houses?
1:02:23 Special provisions or exceptions in tax benefit that may apply to self- employed or entrepreneurs.
1:06:59 What are the tax implications while selling a house and purchasing a new house?
1:14:22 Commonly made mistakes when trying to maximize home loan tax benefit and how to avoid them.
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