With Prime Minister Narendra Modi’s vision of making the redressal mechanism taxpayer friendly, the income tax department had launched a special electronic grievance mechanism called ‘E-Nivaran’.
Buying a home is a dream come true for most individuals in India. In fact, with the availability of home loans many people are also investing in second/multiple homes.
The deduction for interest paid on purchase of a self-occupied property is restricted to R2,00,000. However, for a let-out or deemed-to-be-let-out property, the entire interest paid for purchase of the property is allowed as