In case of joint home loans, there are tax benefits that you can avail of. Here’s what you need to know:
Ownership Requirement:
To claim tax benefits, you must be a co-owner of the property. Being a joint borrower alone isn’t sufficient.
The property’s construction must be complete; benefits...
Step 1: Identify LTCG investments
Review your investment portfolio and identify assets held for more than 1 year that have shown gains. These qualify for LTCG.
Step 2: Check the LTCG exemption limit
In India, LTCG up to ₹1 lakh on equity shares and equity-oriented mutual funds is exempt from...