Mirror Now
@mirrornow·2.2M subscribers·145K videos
How to determine tax exemption on property loan? - Property Hotline
Posted
January 20, 2017
Views
36
January 20, 2017
36
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
2:06Now PlayingExpert: P V Subramanyam, www.subramoney.com
Question: I am the owner of a property in an unauthorised colony which was bought on power of attorney. I am planning to buy a legal property on bank loan. Will the second property bought on loan will be considered as my first property or second. If second, can I claim interest which I am paying to the bank?
Answer: Legally not being an owner of any property at this moment, so your second property will be treated as your first property. I would suggest you to get rid of the first unauthorised property and put that money to buy the legal property. All the deduction will be available to you as if it’s your first property which makes you eligible for tax exemption.
Be Un Confused
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
