Now that the time of the year has arrived where the IT Returns have to be filed, one of the questions that get asked frequently is whether everyone is supposed to file their IT returns? Is it mandatory for everyone? Well, there are certain factors associated with it. For example, if the gross total income, […]
Financial Planning & Advisory
How can you get the entire Rs 3.5 lakh tax benefit courtesy your affordable home purchase?
The Finance Minister has proposed in the Union Budget of 2019 that an additional deduction of Rs 1.5 lakhs may be availed for the interest paid on the home loans for the residential property but home buyers will have to fulfill some criteria before they can avail it. At present, the interest paid on home […]
IMPS charges to be taken away on internet banking from next month at SBI
State Bank of India has recently announced its withdrawal of immediate payment service transactions on internet banking and mobile banking service that will be effective from 1st August 2019. IMPS is a robust and real-time fund transfer service that offers an instant round the clock interbank electronic fund transfer facility which is accessible on multiple […]
How home loan products will undergo a reset and what you should do about it
Those who are opting for a home loan to make a purchase should keep in mind that the home loan interest rate may undergo a reset from time to time. Now the idea of a Floating Rate for home loans itself has undergone a change. The users may have the option to link the home […]
Tax deduction on home loan interest in Union Budget to boost the housing sector
The demand for housing units that are worth up to Rs 45 lakhs is sure to rise as the additional tax deduction of Rs 1.5 lakh has been announced in the Union Budget, on the interest paid on housing loan for first time home buyers. At the same time, there has been a call to […]
