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Do you find yourself in a situation where there are just a bunch of days ahead for the deadline of submission of tax documents? Here is a quick guide to help you sort out your finances last minute!
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Here are some of the conditions and provisions that make you eligible for a tax deduction on the home loan interest you pay
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Key rates that impact your home loan The Reserve Bank of India's move to hike the cash reserve ratio (CRR) by 0.75 percent was aimed at balancing growth and inflation. The CRR is the minimum amount of funds banks need to park with the central bank. It is one of the key values that could directly impact your EMI outflow. Here are a few rates that could directly or indirectly have a bearing on home loan interest rates: Inflation
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Here is a very useful article, which highlights the benefits of a home-loan which helps in saving taxes, while also helping you own a property.... http://in.biz.yahoo.com/100201/32/bav037.html
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