Second Home near Mumbai – Pushpam Sanskruti

A home loan for investing in a second home can be quite tax-efficient. Section 80C, Section 24B comes under the Income Tax Act that deals tax gains under an asset. Under section 80C and 24B, one can avail tax benefit up to 1.5 Lacs on the principal amount and 2 Lacs on interest, respectively. This means either you pay the tax or the loan amount, meaning dispense of money inevitable. This discharge of money can be utilized for an investment.

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Second Home Near Mumbai – Pushpam Sanskruti

Investment in real estate in any form is always profitable as it provides assured income via rentals and an increase in capital value. A second home can be a great place to spend recreational time and in most of the cases, it is the primary agenda behind the investment in this asset. You can rent out your second home to gain a return on your investment or you can sell the property to take advantage of increased market appreciation.
A home loan for investing in a second home can be quite tax-efficient. Section 80C, Section 24B comes under the Income Tax Act that deals tax gains under an asset. Under section 80C and 24B, one can avail tax benefit up to 1.5 Lacs on the principal amount and 2 Lacs on interest, respectively. This means either you pay the tax or the loan amount, meaning dispense of money inevitable. This discharge of money can be utilized for an investment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Second home near mumbai – Pushpam Sanskruti

Investment in real estate in any form is always profitable as it provides assured income via rentals and an increase in capital value. A second home near Mumbai can be a great place to spend recreational time and in most of the cases, it is the primary agenda behind the investment in this asset. You can rent out your second home to gain a return on your investment or you can sell the property to take advantage of increased market appreciation.

Leave a Reply

Your email address will not be published. Required fields are marked *