What is the maximum amount of reserves per annul if i own house loan, and im within rental, i hold insurance etc..
and how can i save the tax speculation
Answers:
Question is not complete with the exact details.
1. For housing loan repayment of principle and insurance you have a total conjecture of 1 Lac exemption under section 80 C
2. For housing loan, if it is self inhabited, then you can get Another 1.5 Lac exemption on Interest towards housing loan and if the house is agree to out then you can claim the entire amount. But your rent received will be taxable.
If you want correct details you can mail me at aadesh.kumar(a)gmail.com
AJ
Related Questions:
Answers:
Question is not complete with the exact details.
1. For housing loan repayment of principle and insurance you have a total conjecture of 1 Lac exemption under section 80 C
2. For housing loan, if it is self inhabited, then you can get Another 1.5 Lac exemption on Interest towards housing loan and if the house is agree to out then you can claim the entire amount. But your rent received will be taxable.
If you want correct details you can mail me at aadesh.kumar(a)gmail.com
AJ
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