Hi thank you.for the detailed explanation. What is the clause for - if I have a home loan for a property in city 1 which I have rented out and I am living on rent in city 2. What are the benefits.
Sir I have co owner of a property with my elder brother and we jointly taken a hbl for renovation of our house.but my brother is unemployed and the reqd emi is fully brrowed by me from my salary account.may I get full tax benefit from the hbl interest tax exemption. Suggest me.
Due date ke baad automatically new regime le rha he or new regime home loan interest total income se minus nhi ho rha he. sb krke dekh liya. Plz solution batayiye sir
Sir, We discuss Stamp duty can calculate sales deed property cause maxim proprty only notary bond, NA proprty tat time bank consider proprty vslue which shown in deed. But real vslue is dffrnt so which amt we put?
Sir I have one query that one person has two home loans One is self occupied that interest around 5 Lakhs and set off in ITR 2Lakhs and remaining amount 3L can we utilise with another let out property as let out income payable around 40k after set off let out interest amount Please advice
I have a question regarding rent If a shop was let out for last 10 years including ay23-24 and now it remained vacant for whole year ay24-25 . No rent income recd So for ay24-25 no income has to be shown in itr or to show notional amt ( as annual lettable value ) in itr . ( The same shop is again let out for ay25-26) Will be waiting for reply
While claiming interest benefit under let out category, I am not able to got more than 2Lakh exemption. It says amount more than 2Lakhs will be carried forward. How how can we claim entire interest expense of 3,50,000 in this year itself?
Sir please aap mujhe btaye ki 03/07/2024 date mai agar mai Income tax fill karunga toh financial years konsa bharna hoga 2023-24 ya 2024-25 please sir btaiye 🙏🙏🙏
Great video sir sir ek baat batayein ki jaise mujhe saving karni hain tab kaun kaun se options hain jinse main acchein return per accha return aur income generate kar sakta hoon plzzz tell me .....thnkss
Sir Can we claim interest if wife is owner in property but husnand is Co owner in Loan application But Not In property. Not Joint property but Loan is Joint Agreement Index owner is wife only We can pass JV to Both Balance sheet
@@FinTaxPro Yes sir agreed with video But sir Bank also gives Husbad Name Interest certificate.।।। My 50% Client this type He is not the owner in the sale deed but the co-applicant in the Home loan When Wife is not filling Itr . And Full EMI paying By Hasband. From Him account.।।
in case of joint owner house property both are eligible for deduction. the deduction amount will be 2 lakh for husband & 2 lakh for wife seperately Or only 2 lakh including for both
But is it like. Loan account should be linked by both owner. In my case I transfer emi amount to my brother account and there from brother account full emi gets deducted. Can we both take exemption and if yes at how much %
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Download Free Notes on Home Loan Benefit - t.me/fintaxpro/2607
Sir, please make a video on rounding off income tax and how to use it in itr
Hi thank you.for the detailed explanation.
What is the clause for - if I have a home loan for a property in city 1 which I have rented out and I am living on rent in city 2.
What are the benefits.
Sir I have co owner of a property with my elder brother and we jointly taken a hbl for renovation of our house.but my brother is unemployed and the reqd emi is fully brrowed by me from my salary account.may I get full tax benefit from the hbl interest tax exemption. Suggest me.
Really I wan looking this kind of video. My all doubts are clear now.. Big thumps up 👍
Can I claim both principal and interest on home loan?
Can you please mention the section no. for claiming 100% tax benefit as Co-owner?
sec 24b
Cash book main gst se related kaun kaun se effects ko mention karna hota hainnn plZ tell mee..
Due date ke baad automatically new regime le rha he or new regime home loan interest total income se minus nhi ho rha he. sb krke dekh liya. Plz solution batayiye sir
Sir,
We discuss Stamp duty can calculate sales deed property cause maxim proprty only notary bond, NA proprty tat time bank consider proprty vslue which shown in deed.
But real vslue is dffrnt so which amt we put?
Sir, please make a video on rounding off income tax and how to use it in itr
Sir
I have one query that one person has two home loans
One is self occupied that interest around 5 Lakhs and set off in ITR 2Lakhs
and remaining amount 3L can we utilise with another let out property as let out income payable around 40k after set off let out interest amount
Please advice
Sir is owership of property decided merely on the basis of name in the agreement or as per contribution made to the property.
Both need to be comply.
Can Co- applicant can take interest deduction in the A Y 2024-25,if Co-applicant is FATHER
Outstanding ❤
Self occupied aur let out property ko explain kariye
Thank you sir..... Can son take home loan deductions if the loan & property both on father's name and father is retired
Tax benefits on Home loans for ITR of FY 2023-24: 🏡💲
ruclips.net/video/rkgQFQWT4_k/видео.htmlsi=zEFh6xqHcwuMMnYF
If Home loan taken in Feb 2018? Then it comes under which section?
Sir I have taken home loan topup, can this be returned to income tax? If possible, how much can be done?
Sir is this allowred that for one F.Y. the husband take the whole benefir and for the next F.Y. both husband- wife takes the benefit.
I have a question regarding rent
If a shop was let out for last 10 years including ay23-24 and now it remained vacant for whole year ay24-25 . No rent income recd
So for ay24-25 no income has to be shown in itr
or
to show notional amt ( as annual lettable value ) in itr .
( The same shop is again let out for ay25-26)
Will be waiting for reply
Thanks for Sharing latest updates 👍👌
Very good video 100/100
Awesome and clear understood
Sir GST turnover 0 hai to ITR me income kaise bataye
While claiming interest benefit under let out category, I am not able to got more than 2Lakh exemption. It says amount more than 2Lakhs will be carried forward. How how can we claim entire interest expense of 3,50,000 in this year itself?
@@srishtigupta2198 are you Sure???
Sir please aap mujhe btaye ki 03/07/2024 date mai agar mai Income tax fill karunga toh financial years konsa bharna hoga 2023-24 ya 2024-25 please sir btaiye 🙏🙏🙏
2023-2024
Great video sir sir ek baat batayein ki jaise mujhe saving karni hain tab kaun kaun se options hain jinse main acchein return per accha return aur income generate kar sakta hoon plzzz tell me .....thnkss
what if emi is paid from my mother account and i am co borrower and also property own by my mother? whether i can claim 100% interest in my itr?
Aap mother se likhwa le ki wo deduction nhi legi legaly uske baad aap 100% le sakte h
Can we claim the deduction if the property is not possessed yet?
No
Great explain
Agar job karte hai,lekin company vale TDS deduct karte hai,to itr 1,bharna hota hai?
Yes,,
Sir Can we claim interest if wife is owner in property but husnand is Co owner in Loan application But Not In property.
Not Joint property but Loan is Joint Agreement
Index owner is wife only
We can pass JV to Both Balance sheet
No, i have already explained this case
@@FinTaxPro
Yes sir agreed with video
But sir
Bank also gives Husbad Name Interest certificate.।।।
My 50% Client this type
He is not the owner in the sale deed but the co-applicant in the Home loan
When Wife is not filling Itr .
And Full EMI paying By Hasband. From Him account.।।
@bMAHESHPATEL-zz6bo
Wife ke name se property hai only....
To kya mere ko tax me benefit milega...please reply
can a husband claim 100% exemption if wife is owner of house and she is house wife
No
Sir, mai home wife ke name par parchse kar rha hu but loan self ke name kra rha hu kya hme tax benefit milega urgent reply
No
Hii sir , can I avail the tax benefit of home loan if I am paying the loan installment but property owner is my wife ,
Already explained your case in video
Vidio me not explain
Please explain
Same case mera bhi hai .
Please reply...
Okay sir
in case of joint owner house property both are eligible for deduction. the deduction amount will be 2 lakh for husband & 2 lakh for wife seperately Or only 2 lakh including for both
Both can claim if all condition satisfied. Please watch complete video i have explained this case as well.
Total 400k then 200k, 200k
But is it like. Loan account should be linked by both owner. In my case I transfer emi amount to my brother account and there from brother account full emi gets deducted. Can we both take exemption and if yes at how much %
Q4 me and my brother co owner in loan
First view