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home loan interest

Section 24(b) Deduction for Home Loan Interest: Eligibility, Limits, and Claim Procedure

20 May 2025 by Aditya Narayan Parida

Home loan interest is a significant tax-saving tool under Section 24(b) of the Income Tax Act, 1961. Understanding the deduction limits, eligibility criteria, and how to claim them can help taxpayers maximize their savings. This guide covers everything you need to know …

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Home Loan Interest Benefit Under New Tax Regime (Section 115 BAC): A Complete Guide

25 October 2024 by Adv Aditya Narayan
home loan interest

For those with high home loan interest payments on self-occupied properties, the old tax regime may still be beneficial due to the deductions it offers. However, if your focus is on simplicity and lower tax rates with fewer deductions, the …

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  • Significant Tax Decisions and Legal Precedents – November 2025
  • Disallowance of director’s remuneration based on retracted uncorroborated statement and revenue neutrality was unsustainable: ITAT Delhi
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