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Showing posts with the label you can claim tax deduction from interest on personal loan taken for home purpose only and renovation.1. Interest payments benefit under renovate your

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We are Hiring a WordPress Developer | Ahmedabad | WFO, Experience: 4-6 years, Location: Ahmedabad (WFO), Hands-on experience with WordPress: Minimum 4 years in WordPress along with PHP. PHP server-side programming language 4+ years of experience, 4+ yrs Experience with WordPress (not just front-end) for example Plugin and Theme creation, Hooks, Filters, Create WP Rest API, Create Gutenberg. Experience: 4-6 years Location: Ahmedabad (WFO) Hands-on experience with WordPress: Minimum 4 years in WordPress along with PHP Overall, We are looking for a skilled WordPress developer with minimum 4 years of experience to lead our development team. Your primary focus will be on understanding, developing and guiding the team to develop user interface components using WordPress concepts and workflows. you should be able to design and build modern user interface components to enhance application performance. Preferred Bachelor's degree in Computer Science, Information Technology or similar Roles ...

How to claim tax benefits on personal loans?Yes, you can claim tax deduction from interest on personal loan taken for home purpose only and renovation.1. Interest payments benefit under renovate your home. Limit: upto INR 30,000/- pa only interest Section: Section 24(b) of the Income Tax Act. 2. Property addition or renovation benefit.Limit: INR 2,00,000/- pa for interest portion only.Section 24(b) of the Income Tax Act3. Business use benefit:Section 36(1)(iii) of the Income Tax Act4. Interest on higher education abroad:Section 24(b) of the Income Tax Act. No restrictions

How to claim tax benefits on personal loans? Yes, you can claim tax deduction from interest on personal loan taken for home purpose only and renovation. 1. Interest payments benefit under renovate your home. Limit: upto INR 30,000/- pa only interest  Section:  Section 24(b) of the Income Tax Act.  2. Property addition or renovation benefit. Limit: INR 2,00,000/- pa for interest portion only. Section 24(b) of the Income Tax Act 3. Business use benefit: Section 36(1)(iii) of the Income Tax Act 4. Interest on higher education abroad: Section 24(b) of the Income Tax Act. No restrictions  Personal loans are a great way to get money when you don't have something valuable to use as security. Even though the interest rates on personal loans are higher compared to loans with collateral, you might be able to get some tax benefits depending on how you use the loan. Here's how you can claim tax benefits on your personal loan: 1. Interest payments benefit under  renovate you...

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