Sunday, May 30, 2010

I have taken a home loan in India. Can I get benefit in US tax return?

The location of the house, or the loan, does not affect whether or not you can deduct the mortgage interest. But you must meet the rules as outlined in IRS publication 936. When buying a house in india with a home loan,who pays for the stamp duty fee-the seller or the buyer?

Heard that small builders underrate the price to lower the stamp duty fee and ask for the balance in cash from the buyer-poses a difficult situation when planning on buying with a home what i heard true?

always buyer need to bear the stamp duty for registration. even if the seller pays, he will include that in the price. there is a guide line value fixed by registration dept and even if the property is under rated, the registering officer will calculate the stamp duty on guide line value and collect stamp duty at the time of registration. what is the role of small builders' on this. it sounds as if big builders are perfect. How do I find a home loan in India other than the resource

There are multiple option. You can go to leading banks like SBI, ICICI, HDFC etc Is there any bank in India that gives Home Loan on agricultural/farm land in Gram Panchayat layout ?