Tax Planning Series # 2 (Tax Benefits on Loans)

In this video we will discuss different types of Loans and their tax benefits.

There are four types of loans.

1. Home Loan

2. Car Loan

3. Personal Loan

4. Educational Loan

In home Loan Interest on Loan and Principal Repayment on Loan are eligible for deduction

In Car Loan benefits is available only for the persons having their own business & Profession

In Personal Loan there is no tax benefit available

In Education Loan benefit is available only on Interest payment

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From: white collar

Related topics : home loan interest / interest car loan / education loan