Money Laxmi

07/07/2012

Government Cuts Corpus for Home Loan Rate Subvention by 20% for more detail visit here : http://www.moneylaxmi.com/news.php

07/07/2012

Government Cuts Corpus for Home Loan Rate Subvention by 20 % for more detail visit below link

Get Latest News on Home Loans in India, home loan interest rates, banks schemes of housing loans, government policies and more

25/05/2012

Fact # 4: No deductions for loans taken under Section 80 for Extension or Renovation of house is allowed.

- Only deductions for interest amount is allowed.

25/05/2012

Fact # 3: In case the house is sold before 5 years, tax saved under Section 80 has to be paid back.

- Such a case entails no reversal of interest amount.

24/05/2012

Fact # 2: If you happen to take home loan from friends and family, then that is also eligible for tax deductions.

[A] Only interest amount is eligible for deduction.

[B] Principle amount is not eligible for deduction.

24/05/2012

Fact # 1: There is no tax deduction for a house under-construction, before you get the ownership or occupy it.

[A] Principle not allowed under section 80 C.

[B] Interest amount can be claimed in the next 5 years.

24/05/2012

***Moneylaxmi Infopedia***
We will run a series of 4 important facts about home loan in India, thus enlightening prospective home buyers, home loan applicants with different facets of home loan.

24/05/2012

Guess who is cartwheeling on the IPL field ?

24/05/2012

Continuing its slide against the US dollar for the seventh day in a row, the rupee hit a new record low of 56.38 in late morning trade today.

23/05/2012

Massive hike in petrol prices by Rs 7.50 per litre !

23/05/2012

According to the Organisation for Economic Cooperation and Development's (OECD) latest Economic Outlook, India's growth rate is likely to slow to 7.1 per cent in 2012 from 7.3 per cent in 2011, but would increase up to 7.7 per cent in 2013.

23/05/2012

Despite RBI's intervention, the rupee slumped to a new record low of 56 to the dollar on Wednesday !