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No, a loan against property is not eligible for tax exemption, but the interest paid on the loan can be claimed as a tax deduction.
No, Section 80C deductions do not cover loans against the property.
Section 80C allows individuals to claim tax deductions on the principal repayment of a home loan. However, it does not cover a loan against property. This means that while the principal repayment of a home loan can be claimed as a tax deduction, the same is not applicable for a loan against property.
Any individual who has taken a loan against property for the purpose of purchasing or constructing a house can claim tax deductions on the interest paid on the loan.
The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.
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