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How to show Long Term Capital Gains on sale of House in ITR

If you have sold house, property, land or building, also called as immovable property after 3 years then you have Long term Capital Gains and have to fill Schedule CG in ITR2, ITR3 etc. This article talks about how to show Long Term Capital Gain on sale of house in...

Process of Buying a house and Getting Home Loan

We all want a place of our own, a place where we can relax in peace with our family. A perfect home is the modern key to happiness. We all have a dream house which we wish to buy someday. Some dream to buy a bigger better house, while some just wish to have a small...

Can Capital Gains on Sale of House be used to pay Home Loan

Can I use the capital gains or money received from the sale of a property to repay the housing loan of existing property?  Often we get the questions  I have bought this flat 2 years back and currently paying housing loan on the same. I want to sell my old flat and...

EPF Partial Withdrawal or Advance: Process, Form, How much

“Wish I was between jobs so that I could withdraw from my provident fund (PF) account to repay my home loan?”, remarked Sujoy. Yes, you can partially withdraw from you EPF while in service for repaying the housing loan, Marriage, Treatment, subject to...

Terms associated with Home Loan

Roti, Kapda aur Makaan is the basic need of every individual and we all dream of having a home. But homes are expensive and Home Loans can make dream of owning a house a reality. Home Loan is offered to individuals who wish to purchase or construct a house. The...
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