For all homebuyers, taxes form a major component of the financial planning when investing in a house. The cost of the house is much more when income tax, property tax, GST etc. are taken into account. The experts at KnowHome believe that knowing about taxation during home buying can prepare you as a homebuyer to channelize taxable income while complying with necessary tax payments, thus reducing legal hassles and making the home buying experience a delightful one. By knowing about taxation, different tax-saving provisions, the tax benefits from co-ownership, and the various sections of the Income Tax Act of India, as a homebuyer, you can manage taxes well and ensure that your financial commitment is smartly taken care of.
