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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1....
From: white collar
Related topics : home loan interest / interest car loan / education loan
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