Latest Answer: Hi Ravi,
In my point of view, the ones who have a home loan in which they are a co-applicant and pay the EMI ,they can claim the entire deduction on interest as well as principal repayments. If the home is self-occupied, the total year interest deduction would be restricted to Rs 2 lakh. I am also assuming that you would continue to pay the entire EMI until the loan is fully repaid.
Latest Answer: Hi,my name is sanjay,i have taken flat in Kharar (2 BHK from (Shivjot Builders),kindly tell me how much registration fees and if any other charges have to pay ,cost of house is 23 Lakh
Q:A residential house in Chandigarh is rented out for the last more than a year, will the house tax be imposed on it? It is of three floors and all the floors are rented for residence purpose only.
Latest Answer: Hello all.. selected Councillors have prepared an agenda for imposing House Tax and the agenda proposes House Tax of Rs 1 per square yard. Houses less than 5 marlas, EWS/LIG houses and houses in villages and colonies would be exempted from tax.
Latest Answer: Hey Balwinder ..1 marla is equal to 25 sq yd or 272.25 sq ft. If house tax is calculated for apartments or flats in Chandigarh, then a lump sum amount will be charged accordingly.