What Can You Write Off When You Buy A House ✔

You can deduct up to ₹2 lakh per year on the interest paid for a self-occupied home. If you rent the house out, you can often deduct the entire interest amount against the rental income.

If this is your very first home, you might qualify for "extra" savings: what can you write off when you buy a house

You can automatically deduct 30% of your Net Annual Value (rental income minus municipal taxes) for repairs and maintenance, regardless of how much you actually spent. You can deduct up to ₹2 lakh per