Tag Archives: Self Occupied House Property

Any income from letting property is taxable as income in the hands of the owner of the property. I have listed out a couple of points which may give you a fair idea about taxation of such income.   A Self-occupied property: When property is occupied by the owner for …

Husband and wife are expected to live in the same house and if one is paying rent to the other; it may sound odd, isn’t it? What would be the reason for such payment? Maybe tax planning, reduce the tax outputs! Will such exemptions, if claimed by the taxpayer, be …

The possession of the property To claim the deduction of Interest payment, the house must be completed and possession taken.  However, for taking tax benefit on principal repayment, it can be taken from the year you start repaying the loan. The Principal Repayment The principal repayment towards housing loan up …