Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Your financial goals are of utmost importance and the tax saving is an added incentive, advises Dwaipayan Bose.
Let us evaluate various possible situations an individual can find himself in and understand what the Income Tax Act permits him to do.
Here's why you can claim tax deduction on interest paid on your home loan as well as claim deduction on house rent alowance.
Home loan expert Harsh Roongta has the answer.