If your home loan application has recently been rejected, you are likely feeling disappointed and that there’s nothing that can be done about the situation.
With the central government budget to be unveiled on the 31st of January 2020, taxpayers are hoping for an announcement of increased concessions on the housing finance front.
Purchasing a home is a significant rite of passage and a long-term financial goal, which is why the Government of India provides several tax benefits to encourage its citizens to buy one.
Salaried individuals that live in a rented house are eligible for tax benefits on their housing allowance.
Several individuals have a misconception that getting a home loan can be a tiresome process, especially if they are self-employed or own a business.
Taking a home loan surely assists you in buying your dream house, but that is not the only assistance it provides.
While the new tax slabs from the 2020 budget have garnered a lot of attention, the real estate sector was not so pleased by the announcements.