Mastering Home Loan Deductions | Your Ultimate Tax-Saving Guide 🏠💰

Welcome to our YouTube video on "Mastering Home Loan Deductions"! 🏠💡 Are you a homeowner looking to save big on your income tax returns while securing your dream abode? Or are you considering taking a Home Loan to make your homeownership dreams a reality? Either way, you've come to the right place!

In this comprehensive guide, we'll walk you through everything you need to know about utilizing Home Loan deductions to your advantage and maximizing your tax savings. From understanding the intricacies of Section 24(b) and how it can reduce your tax burden by accounting for the interest component of your Home Loan to unraveling the mysteries of Section 80C, which allows you to claim deductions on the principal repayment – we've got you covered!

But that's not all! Our expert advisors will also share pro tips and strategies that go beyond the basics, ensuring you're well-equipped to optimize your tax planning. We'll shed light on additional tax-saving opportunities related to your Home Loan that you might not be aware of, putting more money back into your pocket.

The process of claiming Home Loan deductions might seem daunting, but fear not! We'll guide you through the essential documents required for a smooth and hassle-free tax filing process, making it a breeze for you.

Financial freedom starts with knowledge and smart investing decisions. By the end of this video, you'll be empowered with the insights to master your Home Loan deductions, leading you one step closer to your financial goals.

Hit the play button now and embark on your journey to financial freedom! 💸🚀 Don't forget to share this video with friends and family who might find it beneficial. Remember, it's never too late to start saving on taxes and securing your financial future.

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Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of YouTube videos.

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[amundhra]

Very informative video. In future I would like to see:
a) claims / deductions allowed in case of joint ownership of property between husband and wife
b) claims /deductions allowed for second home

[priyeshpatel]

new tax rehime me 10 e ka benifit milega? jab ki old all itr filled as per old tax regime

[Loveindrani]

Sir, If I have two home loan, one sanctioned on 2015 and other on 2023, can I use 2023's loan interest of Rs 2 lakh in sec 24 and 2015's loan interest Rs 50 thousand in sec 80EE?

[shivamgour]

I have taken a Home Loan & bought Home which is registered on Mother's Name.
I am paying EMI's from my account and bank has added my mother as a Applicant & myself as a Co-applicant.
So My question is that can I claim tax deduction under IT Section 24 & Section 80C or NOT.

[siddharthkanaskar]

Where do i mention income from google rewards in other sources or winning

[shankusingh]

Due date ke baad automatically new regime le rha he or new regime me let out case me home loan interest total income se minus nhi ho rha he. sb krke dekh liya. Plz solution batayiye sir

[ratnraj]

Sir may u return ITR 4 fill kar rahe thay pr uske Excel utility ko pura bharne ke bad tax calculation per click karne par select proper error aata hai joSN per click karte Hain tu usmein so Karta hai click on calculate tax sir please bataiye ismein kaise solve kare error ka koi upay bataiye

[Mohitkihabeli]

Sir please btaiye ki jish taxpayers ki income only insurance commission se h toh wo 44AD m unki income show krenge yaa phir any others income m....?

[purushottamdas]

What if the property is self occupied and let out both?

[vikasbabel_keyadvisors]

Sir, If Unsecured Loan taken from relative/ other, then can we took deductions (we are making interest and principal payment during the year very genuinely).

[rajeshsobti]

Is it mandatory to show all houses in home loan tab even if one is self occupied n other on rent

[nazeeraaneer]

Sir, please clarify interest home renovation deduction

[sanketpaterep]

Ye dection amount intrest mey hoga ya tax mey

[dekad]

Sir crypto itr mein koi notice aya hein kya ? Ek video banaye.. binance mein tds nehi pay kia to transaction dikhana parega ?

[narayanparkashgupta]

Very well explained. Thanks for that. I have a query in this regard.
My under construction flat comes under Affordable Housing Scheme. It will be ready for acquisition by Dec. 2023. Can I claim interest part of my housing loan (Rs 1.4 L per annum) under Section 80EEA only (without claiming any amount under section 24 b).

[hareshthumar]

Hello sir, I have 5 transection for STCG (equity) and 1 transection for STCG INTRADAY (equity), which ITR should I file ITR-2 or ITR-3? HELP SIR, THANK YOU.

[ajyoutube]

Would Noida and Delhi be considered to claim HRA and home loan interest deduction together?

[rajasthanigori]

self occupied mein jaha par detail add karni hai wo option disabled hai

[pushkardongre]

If home is under construction (not yet possession) then can I take this deduction?

[SukhwinderSingh-ixpn]

can you provide some details on under construction property sir