Loan Tax Tips

While we have several primers that are regularly updated, here are some of the people who make apnaloan.com your most trustworthy and closest friend. If you are confused or have a query, tap the wealth of experience of our esteemed panel of columnists and you can expect a personalized reply that will meet your specific needs.

Harsh Roongta
CEO, Apnaloan.com

Harshvardhan Roongta, CEO, Apnaloan.com, is one of India's foremost personal finance experts. A successful entrepreneurial stint and an equally impressive career at ICICI later, Harsh co-founded Apnaloan.com in 2000, in partnership with other accomplished industry professionals. Harsh has been a columnist in leading Indian newspapers, routinely answers queries on popular TV channels and websites, and is also the co-author of a popular guide to home loans, Complete Home Loan Guide.


Sanjeen Kanchan

Adv. Sanjeev Kanchan, B. Com., LLM, has been practicing in the High Court, Mumbai, for 31 years, exclusively dealing in real estate, banking etc. He has authored various books such as 1. Maharashtra Rent Control Bill, 1993, 2. Comparative Study of Maharashtra Rent Control Act 1999 with Bombay Rent Act, 1947, and 3. Cases & Material on Dishonour of Cheques. He is also a Notary Public, appointed by the Central Government, since 1990. He was also Professor of Law in various colleges such as Government Law College, K C College and Siddarth Law College.

loan Tax Tips


• Co-borrowers claim tax deduction benefits with a single certificate issued by the bank
• Tax deduction benefits on loan repayments on more than one property
• Tax deduction benefits upto Rs. 1.5 lacs for co-owners
• Construction completion proof to claim income tax deduction benefits
• Simultaneous tax deduction benefits for home loan and HRA
• Claim 100% Tax Benefit
• Co-owners to change ownership proportion periodically
• Change proportions of claiming tax deduction benefits
• Loan to Buy Property with Title Defect
• Tax deduction benefits on Top-Up Loan Repayment
• Tax exemption benefits on loan to buy a shop
• Tax implication for Home-Saver, Home Credit or Smart Home Products
• Tax implications on Home-Savers
• Apnaloan.com's recommendation Rate Plan Option
• Another loan, is it possible?
• Basis to Choose Home Loan Tenure
• Hidden/Other Charges in a Home Loan
• Private or Nationalised Bank?
• EMI payment contribution between co-owners who are co-borrowers
• Tax exemption on HRA for self when wife receives rent
• Tax benefits when the husband is not a co-owner to the property but a co-borrower to the home loan
• Tax deduction for a co-borrower who is not a co-owner
• Tax impliaction when the second house property is rented
• Income from house property for NRI's
• Tax implication on 100% loan disbursement for an under-construction property
• Tax Implication On Pre EMI
• Claim tax deduction benefits when the construction is completed
• Tax deduction benefits on pre-closure charges paid to the lender
• Tax deduction benefits on home improvement loan
• Tax benefit for home loan processing fee
• Business loan or a home loan
• Blank signed post dated cheques for home loan security is an outdated practice
• Tax exemption for property under Self-lease Scheme
• Tax exemption for a property bought on Power Of Attorney Basis
• Tax ememption on loan taken from PF to accquire property
• Tax exemption on loan repayment for a plot
• Tax exemption on home loan taken against fixed deposit as security
• Tax Deduction Benefits on Stamp Duty and Registration Charges