home loan

From October 1, all Income Tax notices, letters or any official tax-related communication will carry a DIN. This computer-generated number will be verifiable on the e-filing portal of the income tax department.

“It is now established that allottees have the right to ask for [a] refund if possession is inordinately delayed, particularly beyond one year.”

If you are a first-time home buyer during the financial year 2016-2017 you are entitled to an additional tax benefit of up to Rs 50,000 under section 80EE for the interest paid on their housing loan.