Your Guide To Tax Benefits On Loans Against Property

1

• Does loan against property (LAP) offer tax
  advantages? Find out

2

• Tax exemption under Section 37(1)
• Applicable if the funds are used for business
  purposes.
• Under this section, interest paid and incidental
  charges can be claimed as business expenses.

3

• Tax exemption under Section 24(b)
• Applicable for salaried individuals.
• Funds used to purchase another property is
  eligible for a claim.

4

• Personal purpose Funds utilized for purposes
  other than those listed above are not eligible
  for claims.

5

• Section 80C
• This section only applies to home loans and does
  not apply to LAP.

6

• If you are looking to apply for a LAP, make sure
  you know if you will get any tax advantages
  beforehand.

7
Thank You !Would Love to Hear From You

• Hero FinCorp Limited
• 09, Basant Lok, Vasant Vihar, New Delhi - 110057
• Tel. [phone]
• Email Id Corporate.Care_at_HeroFinCorp.com
• Website https//www.herofincorp.com/
• Know more Your Guide To Tax Benefits On Loans
  Against Property