31 August, 2014 05:15 IST
News

Source: rss (31-Aug-14)
Comments  |  Post Comment

Finance Minister P Chidambaram said, first housing loan up to Rs 25 lakh would get additional deduction of interest of up to Rs 1 lakh in 2013-14, as he unveiled one of the most highly anticipated budgets of recent years.

The finance minister hoped that this will promote home-ownership and give a filip to a number of industries like steel, cement, brick, wood, glass etc besides jobs to thousands of construction workers.

This deduction will be over and above the deduction of Rs1.50 lakh allowed for self-occupied properties under Section 24 of the Income Tax Act. If the limit is not exhausted, the balance may be claimed in AY 2015-16.


News
Surana Industries appoints Deloitte Haskins & Sells as statutory auditor - 29-Aug-2014 16:26
Zydus gets USFDA nod for Telmisartan tablets - 29-Aug-2014 13:44
Mahindra to invest an additional Rs 40 bn in Chakan - 28-Aug-2014 18:49
ONGC to invest Rs 52.2 bn in Daman project - 28-Aug-2014 17:26
CRISIL revise rating outlook to `Positive` on Shriram Transport - 28-Aug-2014 16:39
BHEL names AN Roy as a non-official director - 28-Aug-2014 15:49
Ind-Ra assigns Blue Dart's NCD issue 'AA(exp)' - 28-Aug-2014 15:49
HCL Tech in strategic pact with AppDynamics - 28-Aug-2014 15:38
Tata Motors enters Algeria with range of passenger cars - 28-Aug-2014 15:24
Ind-Ra assigns CEAT's fixed deposit programme 'A+' - 28-Aug-2014 15:15
Indraprastha Gas to buy 50 mn shares in MNGL for Rs 1.9 bn - 28-Aug-2014 15:15
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   grs49r into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer