Your house as a tax haven

January 2009
Money Today;1/22/2009, p18
The article describes income-tax breaks being offered to house owners in India. Taking out a loan to at least partly fund a home is recommended to avail of certain tax deductions. The sale of a house that has been owned for over three years is considered a long-term capital gain and is taxed at a lower rate than short-term capital gains.


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