income tax deduction

Fixed Deposits for Senior citizens: Top 5 FD schemes with 9.5% interest rate this month. Key points to note

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Fixed Deposits for Senior citizens: Top 5 FD schemes with 9.5% interest rate this month. Key points to note

FD investment: As investors enter their golden years, their investment appetite change as they tend to move towards safer tools from riskier ones. A fixed deposit (FD) is a financial instrument provided by various financial institutions such as banks and Non-Banking Financial Companies (NBFCs). Fixed deposits are known for their competitive interest rates, which are … Read more

Income tax filing: Yes, you can claim tax deduction for under-construction property. Here’s how to do it

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Income tax filing: Yes, you can claim tax deduction for under-construction property. Here’s how to do it

It is important to understand that you are eligible for deduction on interest paid on your home loan under section 24(b) of the Income Tax Act . However, there are specific regulations when and how this deduction can be availed. For instance during the construction phase, the interest paid on a home loan is termed … Read more