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Budget 2018 may roll out tax sops for home buyers

Budget 2018 may roll out tax sops for home buyers

Finance
The government may use Budget 2018 to make owning a house slightly more affordable and even rekindle the interest of home buyers. These measures could be in the form of tax sops for home owners and those looking to buy property. Tax benefits help in bringing down the effective interest burden in properties that are financed through a home loan. Here are few things that Budget 2018 could do to help taxpayers own a home and save tax simultaneously. Principal repayment enhancement In Budget 2018, the tax benefit on the principal amount repaid on a home loan for a self-occupied property may get an additional benefit of Rs 50,000 or more within the section 80C limit. While existing home loan takers can use the prepayment feature to benefit from it, new borrowers get an add...