• Loan against plot of land and industrial property ! Take advantage of your property

    LAP

  • Loan to buy commercial property - Invest today ! Own your Office now

    LAP

  • Working capital facility for your company for expansion, new projects and Trade Finance !

    Working capital facility

  • Loan against rental discounting at an attractive rate, tenor upto 15 years !

    LARR

  • Foreclose your loan without any charges, transfer your high cost loan to lower ROI !

    Home Loan

  • Insure you and your family from all illness, ask for health insurance cover and protect your family

    Health Insurance

  • Get our car insurance offer from us - Door step service

    Auto Insurance

  • Get Project star rating for your real estate project from the rating agencies !

    Project Rating

  • 100% loan against your property value upto Rs.25 crs under SME scheme !

    SME

  • Business loan against residential property @ 11.25% floating upto Rs.25 crs !

    Loan against property

  • Register for Loan referral program online and multiply your income from today!

    Lead Referral

  • Invest in Real estate, pay 20% now and balance amount after posession of your flat

    Real Estate

  • Home loan for 30 years makes your emi affordable and easy to repay

  • Insure your life for Rs.1 crore at Rs.535.00 pm ! Secure your family !

    Term Insurance

  • Loan against property at 11.75% fixed for 5 yrs ! Limited time Offer !

  • Get a Unsecured Loan upto Rs.50 lacs and boost you business !

  • Builder finance at a very attractive rates !

    Builder Funding

  • Women home loan special offer @ 9.85% ! Limited period offer !

How to save taxes through property investments?

Investing in property is a crucial decision as it makes the investor spend a fortune from one’s income and savings. If the owner of a property is liable to pay property tax, it also brings to them the opportunity to enjoy tax rebates.

With the commencement of new financial year and people looking for options to save taxes, it is a good idea to know how much tax you can save by investing in a property.

When it comes to property buying, a lot of questions started taking rounds in our mind. One such question is that what amount one should invest in the property to gain maximum tax benefits? Experts say that when you take a home loan to purchase a property, then you are liable to claim tax rebates on the interest of up to Rs 2.0 lakh. However, in the case when you own more than one property, which is not rented out, one needs to pay wealth tax at the rate of 1 per cent.

It is also important to understand how you can manage the long-term and short-term capital gain tax at the time of selling property. Experts tell us that Short-Term Capital Gains or STCG is applicable when a property is held for less than three years before it is sold off. On the other hand, Long-Term Capital Gains or LTCG is applicable when the property is sold off after three years.

What comes as good news for the buyers is the provision that if they buy property on the name of a female member, then they can enjoy several more tax benefits. They not only get concession in stamp duty that is paid at the time of registration of the property but also enjoy several tax exemptions. For instance, if the property is occupied by the woman buyer, then the deduction towards interest will be limited to Rs 2.0 lakh in a financial year. However, if the property is rented out, the amount of interest on the home loan can be claimed as deduction against the net rental value.

There are many more questions that our readers want to be answered, such as can two people get tax exemptions on the same property or what are the tax implications for the non-Indians buying property in India.