Budget 2022: Anil Singhvi simplifies benefits, deductions under Section 80C

In a special episode of ‘Budget Easy Hai’, Zee Business’ Managing Editor, also known as Market Guru, simplifies the benefits and deductions under Section 80C.

Singhvi said that it is a dream of every Indian to have their own house. Whether they build it or buy it, and the government wants its people to have a house that they can call their own. 

He said that people, who have taken a home loan and make a repayment of Rs 1.5 lakh in a year, they’re entitled to some relaxation in the tax. Singhvi also said that under Section 24C, the public could get relaxation in the payment of interest of up to Rs 2 lakh. He also mentioned that if a person has given the house on rent, on which they have received a home loan, they can get Rs 2 lakh or more relaxation on interest with respect to the rent they receive. 

He recommended taking home loans, buying homes, and also putting them on rent, as the government has various schemes and benefits for home loan borrowers. He expressed the expectations from Budget 2022 that the Government of India should increase the limit of relaxations in the interests incurred from a home loan as rates of buying a house are also increasing with time.

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क्या होता है 80C Home Loan 

1 मिनट में @AnilSinghvi_ से समझिए क्या होता है 80C Home Loan ?#BudgetOnZee | #GrowthBoosterZee | #BudgetEasyHai pic.twitter.com/51FyO5FMBy

 Zee Business ZeeBusiness January 25, 2022