A housing loan in their joint names will entitle all of these to a deduction getting home loan attract to Rs 2 lakh every single dominant cost u/s 80C as much as Rs one

Mahesh and you can Sangeeta Vyas are one another funds positives that have demanding efforts. They stay in Mumbai which have Mahesh’s mommy and you will 7-year-old son Vinay inside the a rented a couple-bedroom apartment.

Offered their understanding of financial locations, the couple had taken a mindful decision of perhaps not to get the residence, so far. It wasn’t due to decreased currency or money. But their cause for not investing in homes try this: The brand new lease it paid down try less than half away from exactly what the EMI would work out to to have a home regarding an equivalent proportions within the a comparable area. And that, Mahesh and you can Sangeeta was in fact prepared to afford the book and you will purchase the cash that they had saved.Then the pandemic struck, and you will both Mahesh and Sangeeta had to work at home. [Read more…]