Before buying your dream house and applying for a home loan, make sure that you are well-informed about the details of home loan, interest rates offered by different banks and the procedure to avail a hassle-free home loan.
You can save money if the property is bought under your wife’s name. State Government offers a tax rebate on the stamp duty, interest rate on a home loan and other taxes.
The government has implemented laws and offers an exemption on tax if you have some investments in diverse portfolios. One such option where you can save a huge amount of tax is property investment. As per the provisions of the Income Tax Act in the budgetary session in A.Y 2019-2020, it enables people to save as much as 2 Lakhs per year on tax by investing in self-occupied house property.