Buy or rent: When you should buy your dream home. Key details here3 min read 29 Jan 2022, 10:26 AM IST
Buying home to avoid income tax may be or may not be advisable because it depends upon the investments and other liabilities of an earning individual
Owning a house provides a certain level of mental and psychological satisfaction and it creates a sense of social security among the home owners. However, according tax and investment experts, buying a house to avoid income tax is not a good idea. They said that if someone is not sure about how much money one will have to shell out from one's pocket, buying a home may turn out a nightmare. They also said that if someone is not sure about one's duration in a city, it's better to live in a rented accommodation than buying a home.
Select your Category