The Latest Tax Incentives for Property Buyers: Why Registration is Key

Corpbiz Legal Advisor03 Oct, 2024Business

The latest tax incentives make registering your property agreement a financially smart decision. Homebuyers can avail deductions on home loan interest and principal repayments, but only if the property is registered. Additionally, the cost of stamp duty and registration fees—typically significant expenses—can be claimed under Section 80C, up to ₹1.5 lakh. New homebuyers, women, and senior citizens are often eligible for extra concessions, making it even more beneficial to complete the registration process.