home loan repayment

I am 40 and I want to buy a 3-BHK property with Rs 90 lakh loan; how should plan my financial journey without touching my investment?

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I am 40 and I want to buy a 3-BHK property with Rs 90 lakh loan; how should plan my financial journey without touching my investment?

I am a 40-year-old salaried individual earning a monthly salary of Rs 2.75 lakh, while my wife brings home Rs 1.35 lakh per month. She manages our household expenses, allowing me to focus on saving and investing for our future. My current plan involves allocating Rs 1.5 lakh per month towards SIP investments with the … Read more

Income tax: Can you claim capital gains tax exemption by paying off the home loan with sale proceeds?

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Income tax: Can you claim capital gains tax exemption by paying off the home loan with sale proceeds?

If the sale proceeds are deposited in a home loan account of new property already purchased out of the said loan,  will the deposited amount be eligible for capital gain exemption? Reply by Prabhakar K.S., Founder and CEO of Shree Tax Chambers It is appropriate to note here that in addition to buying a property … Read more