Mastering Home Loan Deductions | Your Ultimate Tax-Saving Guide 🏠💰

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  • เผยแพร่เมื่อ 6 ก.ย. 2024
  • Welcome to our TH-cam video on "Mastering Home Loan Deductions"! 🏠💡 Are you a homeowner looking to save big on your income tax returns while securing your dream abode? Or are you considering taking a Home Loan to make your homeownership dreams a reality? Either way, you've come to the right place!
    In this comprehensive guide, we'll walk you through everything you need to know about utilizing Home Loan deductions to your advantage and maximizing your tax savings. From understanding the intricacies of Section 24(b) and how it can reduce your tax burden by accounting for the interest component of your Home Loan to unraveling the mysteries of Section 80C, which allows you to claim deductions on the principal repayment - we've got you covered!
    But that's not all! Our expert advisors will also share pro tips and strategies that go beyond the basics, ensuring you're well-equipped to optimize your tax planning. We'll shed light on additional tax-saving opportunities related to your Home Loan that you might not be aware of, putting more money back into your pocket.
    The process of claiming Home Loan deductions might seem daunting, but fear not! We'll guide you through the essential documents required for a smooth and hassle-free tax filing process, making it a breeze for you.
    Financial freedom starts with knowledge and smart investing decisions. By the end of this video, you'll be empowered with the insights to master your Home Loan deductions, leading you one step closer to your financial goals.
    Hit the play button now and embark on your journey to financial freedom! 💸🚀 Don't forget to share this video with friends and family who might find it beneficial. Remember, it's never too late to start saving on taxes and securing your financial future.
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ความคิดเห็น • 45

  • @amundhra
    @amundhra ปีที่แล้ว +2

    Very informative video. In future I would like to see:
    a) claims / deductions allowed in case of joint ownership of property between husband and wife
    b) claims /deductions allowed for second home

  • @Loveindrani19
    @Loveindrani19 7 หลายเดือนก่อน +1

    Sir, If I have two home loan, one sanctioned on 2015 and other on 2023, can I use 2023's loan interest of Rs 2 lakh in sec 24 and 2015's loan interest Rs 50 thousand in sec 80EE?

  • @shivamgour5623
    @shivamgour5623 9 หลายเดือนก่อน

    I have taken a Home Loan & bought Home which is registered on Mother's Name.
    I am paying EMI's from my account and bank has added my mother as a Applicant & myself as a Co-applicant.
    So My question is that can I claim tax deduction under IT Section 24 & Section 80C or NOT.

  • @purushottamdas160
    @purushottamdas160 6 หลายเดือนก่อน

    What if the property is self occupied and let out both?

  • @unil7731
    @unil7731 2 หลายเดือนก่อน

    sir minding explanation still some people thing that loan deduction is only upto 200000

  • @ajyoutube08
    @ajyoutube08 3 หลายเดือนก่อน

    Would Noida and Delhi be considered to claim HRA and home loan interest deduction together?

    • @FinTaxPro
      @FinTaxPro  3 หลายเดือนก่อน

      Yes, proper documentation required. If you need our service you may contact us +919718097735

  • @hareshthumar7227
    @hareshthumar7227 ปีที่แล้ว

    Hello sir, I have 5 transection for STCG (equity) and 1 transection for STCG INTRADAY (equity), which ITR should I file ITR-2 or ITR-3? HELP SIR, THANK YOU.

  • @narayanparkashgupta
    @narayanparkashgupta ปีที่แล้ว

    Very well explained. Thanks for that. I have a query in this regard.
    My under construction flat comes under Affordable Housing Scheme. It will be ready for acquisition by Dec. 2023. Can I claim interest part of my housing loan (Rs 1.4 L per annum) under Section 80EEA only (without claiming any amount under section 24 b).

  • @playwithvihaan7601
    @playwithvihaan7601 10 หลายเดือนก่อน

    What if a property is under construction?

  • @vikasbabel_keyadvisors
    @vikasbabel_keyadvisors ปีที่แล้ว

    Sir, If Unsecured Loan taken from relative/ other, then can we took deductions (we are making interest and principal payment during the year very genuinely).

  • @siddharthkanaskar9066
    @siddharthkanaskar9066 ปีที่แล้ว

    Where do i mention income from google rewards in other sources or winning

  • @RavyaJain
    @RavyaJain 10 หลายเดือนก่อน

    Can I claim benefits of Housing loan if property is jointly owned by Wife and Sister in Law ?

    • @FinTaxPro
      @FinTaxPro  10 หลายเดือนก่อน

      No

  • @pushkardongre8617
    @pushkardongre8617 6 หลายเดือนก่อน

    If home is under construction (not yet possession) then can I take this deduction?

  • @kawaljeetsingh1905
    @kawaljeetsingh1905 3 หลายเดือนก่อน

    80C is not for loan principal. Please check again

  • @rajeshsobti6324
    @rajeshsobti6324 ปีที่แล้ว

    Is it mandatory to show all houses in home loan tab even if one is self occupied n other on rent

  • @ratnraj7038
    @ratnraj7038 ปีที่แล้ว

    Sir may u return ITR 4 fill kar rahe thay pr uske Excel utility ko pura bharne ke bad tax calculation per click karne par select proper error aata hai joSN per click karte Hain tu usmein so Karta hai click on calculate tax sir please bataiye ismein kaise solve kare error ka koi upay bataiye

  • @darshangokani2927
    @darshangokani2927 3 หลายเดือนก่อน

    Last me deduction me 24 wala 200000 deduct nhi hota only show hota he but deduct nhi hota

  • @SukhwinderSingh-ix1pn
    @SukhwinderSingh-ix1pn 8 หลายเดือนก่อน

    can you provide some details on under construction property sir

  • @nazeeraaneer357
    @nazeeraaneer357 ปีที่แล้ว

    Sir, please clarify interest home renovation deduction

  • @priyeshpatel835
    @priyeshpatel835 7 หลายเดือนก่อน

    new tax rehime me 10 e ka benifit milega? jab ki old all itr filled as per old tax regime

  • @dekad3264
    @dekad3264 ปีที่แล้ว

    Sir crypto itr mein koi notice aya hein kya ? Ek video banaye.. binance mein tds nehi pay kia to transaction dikhana parega ?

  • @MohitJain-uq4xy
    @MohitJain-uq4xy ปีที่แล้ว

    Sir please btaiye ki jish taxpayers ki income only insurance commission se h toh wo 44AD m unki income show krenge yaa phir any others income m....?

  • @rajasthanigori3791
    @rajasthanigori3791 3 หลายเดือนก่อน

    self occupied mein jaha par detail add karni hai wo option disabled hai

    • @CAyashpanjwaniji
      @CAyashpanjwaniji หลายเดือนก่อน

      Aap new regime m honge isliye

  • @madhurjain5744
    @madhurjain5744 ปีที่แล้ว

    Sir can Co-applicant can claim deduction even he pay emi and loan amount

  • @niteshsinghgour7479
    @niteshsinghgour7479 3 หลายเดือนก่อน

    ITR 4 ke claim kar sakte hai kya sir

  • @omkar560
    @omkar560 7 หลายเดือนก่อน

    Great video. Very helpful 👍🏻

  • @sanketpaterep2350
    @sanketpaterep2350 11 หลายเดือนก่อน

    Ye dection amount intrest mey hoga ya tax mey

  • @ratnraj7038
    @ratnraj7038 ปีที่แล้ว

    Excel utility mein late fee ka koi option hi nahin de raha

    • @FinTaxPro
      @FinTaxPro  ปีที่แล้ว

      apne aap calculate ho jayega

  • @deepanshupal6638
    @deepanshupal6638 ปีที่แล้ว

    Dhanyawad ji 😊

  • @shreeenterprise3102
    @shreeenterprise3102 หลายเดือนก่อน

    thx

  • @debabratakarmakar2745
    @debabratakarmakar2745 ปีที่แล้ว

    Thank you

  • @sunilsn4921
    @sunilsn4921 ปีที่แล้ว

    Sir HRA kyu nhi claim kr skte agar interest bhi hai to ? Mere CA ne bola law me aise kahi mna nhi kiya to le skte hai

    • @bhavesh_purohit
      @bhavesh_purohit ปีที่แล้ว

      Agar house bhi liya ho to fir rent pe kese rhte ho bhaiya

    • @sunilsn4921
      @sunilsn4921 ปีที่แล้ว +1

      @@bhavesh_purohit vaha family rehti hai and vo Ghar 30km dur hai office se isly rent pe rehta hu

  • @sumitbisht7414
    @sumitbisht7414 8 หลายเดือนก่อน

    Nice video

  • @MrVinilkrishna
    @MrVinilkrishna ปีที่แล้ว

    Background is on sync & crazy

  • @-SARVODAY-
    @-SARVODAY- หลายเดือนก่อน

    कुछ समझ नहीं आया

  • @mukabbarkhan223
    @mukabbarkhan223 7 หลายเดือนก่อน

    Mera home laon interest 60000 thousands and principal 91726 h mughe kitnab