Insights

Barakah Finserve

I want to buy two flats by selling one. What are the income tax implications?

There are no restrictions on you buying the proposed property jointly with your children as long as you are able to establish that you have made the requisite investment in the property

Barakah Finserve

Can I get income tax benefit on home loan prepaid and penalty charged?

The deduction under Section 80 C for principal repayment of qualified home loan is available along with various other payments like Life Insurance Premium, ELSS, NSC, PPF, Provident Fund and tax saving bank FD, tuition fee for children etc

Barakah Finserve

ICICI Bank ATM withdrawal, cash transaction charges to cost more from today

ICICI Bank customers will have to face higher charges from ATM withdrawals to cash transactions, starting from today