Why should you invest in a second home
If you are looking forward to making fresh investments, you are always in the dilemma what investment to make. Buying a second home could prove to be your best bet. The property investment is considered to the best and safe investment for future.
If you are looking forward to making fresh investments, you are always in the dilemma what investment to make. Buying a second home could prove to be your best bet. The property investment is considered to the best and safe investment for future.
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
efforts are be<strong>in</strong>g made to transform the notion of “Roof for every family” <strong>in</strong>to reality. As per the current<br />
Income Tax rules <strong>in</strong> India-<br />
• An assessee is exempt from pay<strong>in</strong>g <strong>in</strong>come tax for pr<strong>in</strong>cipal amount repayments up to Rs. 150,000<br />
under section 80c (along with other benefits <strong>in</strong> this section).<br />
• Interest paid on hous<strong>in</strong>g loans up to Rs. 200,000 is also exempt from tax under section 24b.<br />
Thus, buy<strong>in</strong>g multiple houses & rent<strong>in</strong>g them also fetches rental <strong>in</strong>come and certa<strong>in</strong> tax rebates are also<br />
available to the assessee for such form of rental <strong>in</strong>come subject to certa<strong>in</strong> conditions which need to be<br />
fulfilled. These are broadly the reasons why people choose to <strong><strong>in</strong>vest</strong> <strong>in</strong> residential properties as an<br />
<strong><strong>in</strong>vest</strong>ment.
Change language